Landsbankinn hf. : Covered bond offering results

Friday, 28. October 2016 16:46

Today, Landsbankinn concluded an offering of three series of covered bonds. In total, bids were received for the amount of ISK 2,540m and bids were accepted for ISK 720m.

LBANK CBI 28 will be tapped for ISK 320m at 3.10% yield. Landsbankinn has previously issued ISK 2,060m in the same series. Following the tap issuance, the total amount issued will be ISK 2,380m.

LBANK CB 19 will be tapped for ISK 400m at 5.65% yield. Landsbankinn has previously issued ISK 12,660m in the same series. Following the tap issuance, the total amount issued will be ISK 13,060m.

No bids in LBANK CBI 22 were accepted.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 4 November 2016. Arion bank, Islandsbanki and Kvika act as market makers for covered bonds issued by Landsbankinn.

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. 528/2008. Further information on the bonds and the cover pool is available on Landsbankinn's website, www.landsbankinn.is/covered-bonds




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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Landsbankinn hf. via Globenewswire

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