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Tuesday 03 September, 2019

Landsbankinn hf.

Landsbankinn hf.: CP auction results

Landsbankinn hf.: CP auction results

Today Landsbankinn hf. concluded a closed auction of the CP series LBANK 200228.

A total of 10 bids for ISK 2,760m were received in the series with bid rates at 4.00%-4.20%. Bids for 1,040m were accepted at a simple rate of 4.09% equal to the price of 98.0940.

Investors could sell covered bonds in the series LBANK CB 19 against commercial paper bought in the auction at a predefined clean price of 100.066. As a result, Landsbankinn will buy ISK 460m in the series LBANK CB 19.

Application has been made for the bills to be admitted to trading on Nasdaq Iceland on 10 September 2019.

Further information on the commercial paper is available on Landsbankinn‘s website, www.landsbankinn.com/bills.


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