Correction: Information regarding the yield was missing.
Landsbankinn has today completed the sale of a new series of covered bonds. The covered bonds are inflation linked to the consumer price index with a fixed rate of 3.0% for seven years. The covered bonds were sold at the yield of 3.25%. The issue amount is ISK 1,760 million with ISK 1,700 million sold to investors. The remainder will be used for market making purposes.
The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 28 April 2015, 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.
Further information:
Kolbrún Guðlaugsdóttir, pr@landsbankinn.is 410 4014 eða 862 3679