Today Landsbankinn hf. concluded a closed auction of three series; LBANK 190410, LBANK 190510 and LBANK 191111.
In total, 14 bids were received in the auction for the total amount of ISK 2,340m.
A total of 5 bids for ISK 380m were received in the series LBANK 190410 with bid rates at 4.45%-4.80%. No bids were accepted in the series.
A total of 9 bids for ISK 1,960m were received in the series LBANK 190510 with bid rates at 4.50%-4.80%. Bids for 1.760m were accepted at a simple rate of 4.70% equal to the price of 97.7164.
No bid was received in the series LBANK 191111.
Application has been made for the bills to be admitted to trading on Nasdaq Iceland on 12 November 2018.
Further information on the commercial paper is available on Landsbankinn‘s website, www.landsbankinn.com/bills.