Landsbankinn will offer covered bonds for sale via auction held on Tuesday 15 February at 15:00. Attention is drawn to the timing of the auction which is a change from the Bank’s funding plan which assumed a covered bond auction in week 6. Two non-indexed series will be offered for sale, LBANK CB 25 and LBANK CB 27.
In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 22 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 100.882.
Expected settlement date is 22 February 2022.
Covered bonds issued by Landsbankinn are rated A- with stable outlook by S&P Global Ratings.
Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.
