Landsbankinn hf.: Covered bond offering results

Tuesday, 10. January 2017 17:24

Today, Landsbankinn concluded a covered bond auction where three series were offered for sale.

In total, 21 bids were received in the auction for the total amount of ISK 2,340m.

A total of 8 bids for ISK 580m were received in the series LBANK CB 21 at 5.49%-5.65% yield. Bids for the amount of ISK 440m were accepted at 5.50% yield. Following the tap issuance, the total amount issued in the series will be ISK 2,100m.

A total of 4 bids for ISK 780m were received in the series LBANK CBI 22 at 3.29%-3.30% yield. Bids for the amount of ISK 600m were accepted at 3.29% yield. Following the tap issuance, the total amount issued in the series will be ISK 19,340m.

A total of 9 bids for ISK 980m were received in the series LBANK CBI 28 at 3.05%-3.09% yield. Bids for the amount of ISK 400m were accepted at 3.05% yield. Following the tap issuance, the total amount issued in the series will be ISK 3,740m.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 17 January 2017. Arion banki, 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



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
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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