Landsbankinn hf. Launches Exciting Covered Bonds Auction

Landsbankinn hf. Set to Auction Covered Bonds
Landsbankinn is gearing up to offer a selection of covered bonds during an auction scheduled for Tuesday, 7 October at 15:00. This event presents a valuable opportunity for investors looking to diversify their portfolios.
Details of the Covered Bonds
The auction will feature three distinct series: two non-indexed series identified as LBANK CB 27 and LBANK CB 29, alongside an inflation-linked series marked LBANK CBI 31. Each series provides unique investment characteristics catering to different investor preferences.
Significance and Stability
The bonds to be sold are part of Landsbankinn's established covered bond programme, which is well-regarded in the financial market. Notably, the covered bonds issued by Landsbankinn hold an impressive A+ rating with a stable outlook from S&P Global Ratings, affirming their reliability and attractiveness as an investment option.
Management and Queries
Landsbankinn Capital Markets will oversee the auction, ensuring a smooth process for participants. For additional inquiries, interested parties may contact the bank directly at +354 410 7330 or email verdbrefamidlun@landsbankinn.is for further assistance and information.
Frequently Asked Questions
What are covered bonds?
Covered bonds are debt securities backed by cash flows from mortgages or public sector loans, providing a high level of security for investors.
When will the auction take place?
The auction for Landsbankinn's covered bonds is scheduled for Tuesday, 7 October.
What are the ratings of these bonds?
The covered bonds issued by Landsbankinn are rated A+ with a stable outlook by S&P Global Ratings.
How many series will be available for auction?
There will be three series offered: LBANK CB 27, LBANK CB 29, and LBANK CBI 31.
Who manages the auction?
The auction will be managed by Landsbankinn Capital Markets, ensuring professionalism and reliability throughout the process.
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