Today, Landsbankinn concluded a covered bond auction where a non-indexed series was offered for sale, LBANK CB 32.
A total of 17 bids for ISK 6,500m were received in the series LBANK CB 32 at 7.40%-7.48% yield. Bids in the amount of ISK 1,840m were accepted in the series at 7.41% yield. Following the tap issuance, the total amount issued in the series will be ISK 19,220m, thereof 18,260m outstanding and 960m retained.
Expected settlement date is 17 November 2026.
Arion banki, Islandsbanki and Kvika act as market makers for covered bonds issued by Landsbankinn. Covered bonds issued by Landsbankinn are rated A+ with positive outlook by S&P Global Ratings.
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. 190/2023. Further information on the bonds and the cover pool is available on Landsbankinn‘s website, Landsbankinn's funding - Landsbankinn.is.
This announcement is released by Landsbankinn hf. and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (“MAR”).For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Hreiðar Bjarnason, Chief Financial Officer for Landsbankinn hf.
