Landsbankinn hf. Reveals Results of EUR 2025 Notes Tender Offer
Landsbankinn hf. Successfully Completes Tender Offer
Landsbankinn hf. has shared significant results from its recent tender offer, inviting holders of its EUR 2025 notes to submit their bonds for purchase. This tender offer was originally announced in late September and has captured considerable interest among investors. The process allowed bondholders the opportunity to convert their holdings into cash, underscoring the bank’s ongoing commitment to managing its debt effectively.
Details of the Tender Offer Results
During this tender initiative, the bank reported that valid tenders totaled EUR 124,731,000, all of which were accepted, demonstrating robust participation from note holders. This outcome not only reflects the attractiveness of the offer but also Landsbankinn's position as a reliable financial entity in the bond market.
Role of Dealer Managers
The execution of the tender offer was facilitated by a team of reputable dealer managers including ABN AMRO Bank, J.P. Morgan, Natixis, and Nomura. Their involvement ensured a smooth process, providing investors with the guidance needed throughout the tendering phase.
Access to Further Information
For those interested in a deeper look into the tender offer’s results, additional details can be found in the official announcements published on the Euronext Dublin site. This resource is essential for anyone wanting to track the performance of these bonds and understand the broader implications of this transaction.
Understanding Market Regulations
This announcement was prepared with due diligence concerning potential inside information, particularly under Market Abuse Regulation (EU) 596/2014. Landsbankinn aims to maintain transparency and regulatory compliance, ensuring all stakeholders are informed appropriately. The news is officially communicated by Hreiðar Bjarnason, the Chief Financial Officer of Landsbankinn.
Frequently Asked Questions
What is the purpose of the tender offer?
The tender offer allows bondholders to sell their EUR 2025 notes back to Landsbankinn for cash, which helps the bank manage its debt portfolio effectively.
How much was accepted in the tender offer?
Landsbankinn accepted valid tenders totaling EUR 124,731,000 in the tender offer, indicating strong investor participation.
Who are the dealer managers involved?
The dealer managers for this tender offer included ABN AMRO Bank, J.P. Morgan, Natixis, and Nomura.
Where can I find more information about the tender offer?
Further information can be accessed through the announcements published on Euronext Dublin, which list detailed results and updates.
Who announced the tender offer results?
The results were officially released by Landsbankinn hf., specifically communicated by Hreiðar Bjarnason, the bank's Chief Financial Officer.
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