Today, Landsbankinn concluded a subordinated bond auction where two new series were offered for sale.

In total, 26 bids were received in the auction for the total amount of ISK 8,560m.

A total of 5 bids for ISK 900m were received in the non-indexed series LBANK T2 29 at 6.60%-6.90% yield. No bids were accepted in the series.

A total of 21 bids for ISK 7,660m were received in the inflation-linked series LBANK T2I 29 at 3.69%-4.00% yield. Bids in the amount of ISK 5,520m were accepted in the series at 3.85% yield.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 11 December 2019.

The subordinated bonds are issued under the bank’s debt securities programme. Further information is available on Landsbankinn‘s website, www.landsbankinn.com/investor-relations.