Today, Landsbankinn concluded an offering of two series of covered bonds. In total, bids were received for the amount of ISK 7,660m and bids were accepted for ISK 480m.
LBANK CBI 22, an inflation-linked series listed on Nasdaq Iceland, was tapped for ISK 280m at 3.20% yield. Landsbankinn has previously issued ISK 14,240m in the same series. Following the tap issuance, the total amount issued will be ISK 14,520m.
LBANK CB 19, a non-indexed series listed on Nasdaq Iceland, was tapped for ISK 200m at a 6.58% yield. Landsbankinn has previously issued ISK 9,940m in the same series. Following the tap issuance, the total amount issued will be ISK 10,140m.
The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 3 May 2016 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.