Landsbankinn Completes Successful Covered Bond Auction Results
Landsbankinn's Successful Covered Bond Auction
Today, Landsbankinn concluded a covered bond auction where one series was offered for sale, reflecting strong market interest.
Details of the Auction
A total of 10 bids for ISK 2,940 million were received in the series LBANK CBI 30, with yields ranging from 3.77% to 3.84%. Bids amounting to ISK 2,440 million were accepted in the series at a yield of 3.83%. Following this tap issuance, the total amount issued in the series will rise to ISK 27,100 million.
Settlement Information
The settlement date for the auction is set for August 26, 2024.
Market Makers and Ratings
Arion banki, Islandsbanki, and Kvika are acting as market makers for the covered bonds issued by Landsbankinn. The covered bonds issued by Landsbankinn have received an A+ rating with a stable outlook from S&P Global Ratings, which reflects the issuer's strong financial standing and creditworthiness.
Regulatory Compliance
The covered bonds are issued in accordance with a license from the Financial Supervisory Authority (FME), under act no. 11/2008 and FME's rules no. 190/2023. This regulatory framework ensures the bonds meet high standards of financial transparency and investor protection.
Further details on the bonds and the cover pool can be obtained through direct inquiry to Landsbankinn's customer service or by visiting their official website.
Contact Information
For additional assistance, you may contact Landsbankinn directly. Their commitment to providing relevant information showcases their dedication to transparency and investor relations.
Frequently Asked Questions
1. What was the total amount bid in the Landsbankinn auction?
The total amount bid in the auction was ISK 2,940 million.
2. What yield was accepted for the covered bonds?
The yield accepted for the covered bonds was 3.83%.
3. Who acts as market makers for Landsbankinn’s covered bonds?
Arion banki, Islandsbanki, and Kvika are the market makers for Landsbankinn’s covered bonds.
4. What rating do the covered bonds hold?
The covered bonds issued by Landsbankinn hold an A+ rating with a stable outlook from S&P Global Ratings.
5. When is the settlement date for the bonds?
The settlement date for the bonds is scheduled for August 26, 2024.
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