Information  X 
Enter a valid email address
  Print          More announcements

Tuesday 12 November, 2019

Landsbankinn hf.

Landsbankinn hf.: Covered bond offering results

Landsbankinn hf.: Covered bond offering results

Today, Landsbankinn concluded a covered bond auction where three series were offered for sale.

In total, 22 bids were received in the auction for the total amount of ISK 2,160m.

A total of 2 bids for ISK 180m were received in the series LBANK CB 21 at 3.68%-3.70% yield. No bids were accepted in the series.

A total of 11 bids for ISK 1,040m were received in the series LBANK CB 23 at 4.00%-4.10% yield. Bids in the amount of ISK 280m were accepted in the series at 4.07% yield. Following the tap issuance, the total amount issued in the series will be ISK 19,500m.

A total of 9 bids for ISK 940m were received in the series LBANK CBI 28 at 1.55%-1.58% yield. No bids were accepted in the series.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 19 November 2019. Arion banki, Islandsbanki and Kvika act as market makers for covered bonds issued by Landsbankinn.

The covered bonds are issued in accordance with a license from the Financial Supervisory Authority (FME), with reference to act. no. 11/2008 and FME‘s rules no. 528/2008. Further information on the bonds and the cover pool is available on Landsbankinn‘s website, www.landsbankinn.is/covered-bonds.


a d v e r t i s e m e n t