Today Landsbankinn hf. concluded a closed auction of two series; LBANK 200228 and LBANK 200528.

In total, 25 bids were received in the auction for the total amount of ISK 5,340m.

A total of 15 bids for ISK 3,040m were received in the series LBANK 200228 with bid rates at 4.70%-4.90%. Bids for 1,800m were accepted at a simple rate of 4.75% equal to the price of 96.4863.

A total of 10 bids for ISK 2,300m were received in the series LBANK 200528 with bid rates at 4.78%-4.90%. Bids for 800m were accepted at a simple rate of 4.89% equal to the price of 95.2640.

Investors could sell covered bonds in the series LBANK CB 19 against commercial paper bought in the auction at a predefined clean price of 100.721. As a result, Landsbankinn will buy ISK 1,540m in the series LBANK CB 19.

Application has been made for the bills to be admitted to trading on Nasdaq Iceland on 28 May 2019.

Further information on the commercial paper is available on Landsbankinn‘s website, www.landsbankinn.com/bills.