Today, Landsbankinn’s base prospectus for the issue of foreign currency notes has been approved by the Dublin Stock Exchange in Ireland. This is a Euro Medium Term Note programme that allows Landsbankinn to issue notes in the equivalent amount of up to EUR 1 billion in various currencies and at fixed or floating rates.
Deutsche Bank served as arranger of the EMTN programme and the following banks are listed as dealers in the notes.
Steinthór Pálsson, CEO of Landsbankinn:
"Access to secure foreign credit is and has been one of Landsbankinn's main objectives. Solid operations and a sound balance sheet are the main prerequisites of such access and Landsbankinn has accomplished a great deal in these matters in recent years. In January of this year, Landsbankinn was issued a rating grade by an international rating agency and in May, the bank concluded an agreement with the Winding-up Board of LBI hf., on amendments to the terms of bonds initially agreed upon in December 2009 [this agreement is made conditional on behalf of the WuB upon LBI hf. receiving certain exemptions from the Foreign Exchange Act]. By listing a note programme on a foreign stock exchange, Landsbankinn takes one more step on its journey towards securing access to international credit markets and is ready to issue foreign currency notes, should favourable terms become available."
A description of the note programme dated 27 August 2014 is avaiable on Landsbankinn's website, www.landsbankinn.com/emtn
Information on the financing of Landsbankinn is available on the bank’s website, www.landsbankinn.com/funding
For further information:
Kristján Kristjánsson, email@example.com, tel: +354 410 4011
Kolbrun Gudlaugsdottir, firstname.lastname@example.org, tel: +354 410 4014