Landsbankinn has today completed the sale of a new series of covered bonds. The covered bonds are non-indexed with 5Y fixed rates at 6.8%. The issuance is in the amount of ISK 960 million with ISK 900 million sold to investors. The remainder will be used for market making purposes.
The bonds are scheduled to be admitted for trading on Nasdaq OMX Iceland on 17 September 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.com/covered-bonds.
For further information:
Kolbrun Gudlaugsdottir, Investor Relations, ir@landsbankinn.is , tel: +354 410 4014
Kristjan Kristjansson, Public Relations, pr@landsbankinn.is, tel: +354 410 4011