Landsbankinn hf.: New Bond Auction Set to Boost Market Activity

Author: Henry Turner Updated: 04-09-2025 05:15 AM

Landsbankinn hf. Announces Upcoming Bond Auction

Landsbankinn hf. is gearing up for an important financial event with the announcement of a bond auction. Held on a Thursday afternoon, this event is expected to attract significant interest among investors looking for stable investment opportunities.

Details of the Bond Offerings

In this auction, Landsbankinn will unveil two series of covered bonds for sale. The first is a non-indexed series identified as LBANK CB 29, appealing to those preferring a traditional investment approach. In addition, the auction includes an inflation-linked series, LBANK CBI 31, aimed at offering protection against the varying inflation rates.

Exchange Offering for Existing Bondholders

To facilitate the transition for current bondholders, an exchange offering will coincide with the auction. This allows holders of the existing non-indexed series, LBANK CB 25, to sell their bonds in exchange for the newly auctioned bonds. The clean price for these bonds has been set at 98.103, providing a clear benchmark for value during the auction.

Expected Settlement Date and Bond Ratings

The anticipated settlement date for the newly auctioned bonds is expected to be shortly after the auction, specifically on 16 April 2025. This timeline allows for a quick turnaround for investors eager to finalize their transactions.

Strong Credit Rating and Management

Landsbankinn's covered bonds enjoy a robust rating of A+ with a stable outlook from S&P Global Ratings, echoing the bank’s strong position in the market. This rating gives potential investors confidence in the stability and reliability of their investment.

Management of the Auction

The auction will be expertly managed by Landsbankinn Capital Markets, ensuring a smooth process for all parties involved. Those interested in gaining more insight into the auction or needing additional information can contact the bank directly at +354 410 7330. Alternatively, inquiries can be made via email at verdbrefamidlun@landsbankinn.is. This direct communication line emphasizes Landsbankinn's commitment to transparency and investor support.

Frequently Asked Questions

What is the purpose of the auction announced by Landsbankinn?

The auction aims to offer two series of covered bonds to investors, enhancing available investment options.

What are the characteristics of the LBANK CB 29 bonds?

The LBANK CB 29 bonds are non-indexed, providing a standard investment structure without inflation adjustments.

How can existing bondholders take part in the auction?

Current holders of the LBANK CB 25 can exchange their bonds for the new auctioned bonds in an organized manner.

What is the significance of the A+ rating by S&P Global Ratings?

This rating reflects the financial strength and dependability of bonds issued by Landsbankinn, assuring investors of their investment security.

Who should I contact for more auction details?

For further information, you can call +354 410 7330 or email Landsbankinn directly at verdbrefamidlun@landsbankinn.is.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

Writing for a number of financial blogs has allowed me to interact with readers from novice investors looking for fresh ideas to seasoned investors starting their financial journeys. My mission is to enable everyone to understand and access finance, so enabling you to confidently and clearly reach your financial goals. I appreciate you traveling with me toward success and financial literacy.

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