Today, Landsbankinn concluded a private placement of an inflation-linked series listed on Nasdaq Iceland, LBANK CBI 22. In total, bids were received for the amount of ISK 980m and bids were accepted for ISK 900m at a yield of 3.00%. Landsbankinn has previously issued ISK 8,680m in the same series and the size of the series will be ISK 9,580m after this tap issuance.
The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 24 November 2015 with Kvika 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.