Landsbankinn hf. concludes sale of covered bonds


Today, Landsbankinn concluded a closed auction of two series of covered bonds. In total the bank received bids for the amount of ISK 4,860m and bids were accepted for ISK 3,000m.

LBANK CBI 22, an inflation-linked series listed on Nasdaq Iceland, was tapped for ISK 1,880m at a yield of 3.00%. Landsbankinn has previously issued ISK 5,860m in the same series. Following the tap issue, the total amount issued will be ISK 7,740m.

LBANK CB 19, a non-indexed series listed on Nasdaq Iceland, was tapped for ISK 1,120m at a yield of 6.50%. Landsbankinn has previously issued ISK 2,640m in the same series. Following the tap issue, the total amount issued will be ISK 3,760m.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 12 October 2015 with MP Straumur acting as market maker.

The covered bonds are issued in accordance with a license from the Financial Supervisory Authority (FME), with reference to act. no. 11/2008 and FME‘s rules no. 528/2008. Further information on the bonds and the cover pool is available on Landsbankinn‘s website, www.landsbankinn.is/covered-bonds.