Correction: Price in series LBANK 170710 corrected
Today Landsbankinn hf. concluded a closed auction of an existing series, LBANK 170612 and new series, LBANK 170710 and LBANK 180110.
In total, 45 bids were received in the auction for the total amount of ISK 7,480m.
A total of 17 bids for 2,860m were received in the series LBANK 170612 with bid rates at 5.25%-5.50%. Bids for 1,800m were accepted at a simple rate of 5.36% equal to the price of 97.7727.
A total of 19 bids for 2,680m were received in the series LBANK 170710 with bid rates at 5.19%-5.50%. Bids for 1.480m were accepted at a simple rate of 5.39% equal to the price of 97.3615.
A total of 9 bids for 1,940m were received in the series LBANK 180110 with bid rates at 5.51%-5.84%. No bids in the series were accepted.
Application has been made for the bills to be admitted to trading on Nasdaq Iceland on 10 January 2017.
Further information on the bills is available on Landsbankinn's website, www.landsbankinn.com/bills.