Today, Landsbankinn concluded a covered bond auction where four series were offered for sale.

In total, 31 bids were received in the auction for the total amount of ISK 7,280m.

A total of 8 bids for ISK 1,220m were received in the series LBANK CB 21 at 4.05%-4.13% yield. Bids in the amount of ISK 620m were accepted in the series at 4.09% yield. Following the tap issuance, the total amount issued in the series will be ISK 6,820m.

A total of 5 bids for ISK 2,680m were received in the series LBANK CB 23 at 4.13%-4.15% yield. Bids in the amount of ISK 1.920m were accepted in the series at 4.13% yield. In addition, Landsbankinn will issue 3,000m for its own use. Following the tap issuance, the total amount issued in the series will be ISK 19,220m.

A total of 2 bids for ISK 60m were received in the series LBANK CBI 24 at 1.54% yield. No bids were accepted in the series.

A total of 16 bids for ISK 3,320m were received in the series LBANK CBI 28 at 1.58%-1.64% yield. Bids in the amount of ISK 2,920m were accepted in the series at 1.63% yield. Following the tap issuance, the total amount issued in the series will be ISK 47,900m.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 17 October 2019. Arion banki, Islandsbanki and Kvika act as market makers for covered bonds issued by Landsbankinn.

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.