Today Landsbankinn concluded the sale of non-indexed covered bonds, a tap into the series LBANK CB 19, listed on Nasdaq Iceland. The tap issuance is for the amount of ISK 900m at a yield of 5,95%. Landsbankinn has previously issued ISK 1.400m in the same series and the total amount of the issuance will be ISK 2.300m after this tap issuance.
The bonds are scheduled to be admitted to trading on Nasdaq Iceland no later than on 19 December 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 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.