Landsbankinn taps issuance of covered bonds

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| Source: Landsbankinn hf.
multilang-release

Today Landsbankinn has concluded the sale of non-indexed covered bonds, a tap into the series LBANK CB 16, listed on Nasdaq OMX Iceland. The tap issuance is for the amount of ISK 1,500,000,000 at a yield of 6,30%. Landsbankinn has previously issued 1,920,000,000 in the same series and the total amount of the issuance will be ISK 3,420,000,000 after this tap issuance.

The bonds are scheduled to be admitted for trading on Nasdaq OMX Iceland on 18 March 2014, with Straumur Investment Bank acting as market maker.

The covered bonds are issued in accordance with a licence from the Financial Supervisory Authority (FME), with reference to Act No. 11/2008 and Rules No. 528/2008. Further information on the bonds and the cover pool is available on Landsbankinn´s website, www.landsbankinn.is/sertryggd-skuldabref

For further information:

Investor Relations: Kolbrun Gudlaugsdottir, ir@landsbankinn.is and tel: +354 410 4014.