Moody's Investors Service announced on Thursday that it had assigned a definitive rating of Aaa to Glitnir Bank's first two issuances of Icelandic Covered Bonds. These two new Covered Bonds are issued under the ISK 100 Billion Icelandic Covered Bond programme of Glitnir: Series 1: ISK 16,000,000,000 Covered Bond due 2050 (ISIN XS0354719014) Series 2: ISK 40,000,000,000 Covered Bond due 2051 (ISIN XS0354719527) The Covered Bonds are bonds issued directly by Glitnir and benefit from the security provided by a pool of Icelandic residential housing loans. Moody's press release is attached. For further information, please contact: Ingvar Ragnarsson, Managing Director, Treasury, tel. +354 440 4665, mobile +354 844 4665 and e-mail: ingvar.ragnarsson@glitnir.is. Vala Pálsdóttir, Head of Investor Relations, mobile +354-844 4989, e-mail: vala.palsdottir@glitnis.is.
Moody's assigns definitive Aaa ratings to Glitnir's first Covered Bonds
| Source: Glitnir banki hf.