Today Landsbankinn hf. concluded a closed auction of two series of non-indexed covered bonds. In total the bank received offers for the amount of ISK 2,760m.
LBANK CB 19, listed on Nasdaq Iceland was tapped for ISK 780m at a nominal yield of 6.95%. Landsbankinn has previously issued ISK 960 m.kr. in the same series and the total amount of the issuance will be ISK 1,740m after the tap issuance.
A new three year non-indexed series was sold today, LBANK CB 17 for the amount of ISK 140m at a nominal yield of 6.30%. The issuance is in the amount of ISK 200m, the difference will be used for market making purposes. The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 23 October 2014.
Straumur Investment Bank hf. will act as market maker.
The covered bonds are issued in accordance with a licence from the Financial Supervisory Authority (FME), with the 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/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