Landsbankinn hf. : Covered bond offering results


Today, Landsbankinn concluded an offering of two series of covered bonds. In total, bids were received for the amount of ISK 3,280m and bids were accepted for ISK 1.460m.

LBANK CB 19, a non-indexed series listed on Nasdaq Iceland, was tapped for ISK 1.460m at a 6.71% yield. Landsbankinn has previously issued ISK 10,140m in the same series. Following the tap issuance, the total amount issued is ISK 11,600.

No bids in the inflation-linked series LBANK CBI 22 were accepted.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 31 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

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