Landsbankinn’s Upcoming Auction: Invest in Covered Bonds

Author: Logan Wright Updated: 06-06-2025 05:00 AM

Landsbankinn’s Upcoming Auction for Covered Bonds

Landsbankinn is set to host an auction for covered bonds, inviting investors to participate in this exciting financial opportunity. Scheduled for Thursday, the auction will take place at 15:00. This event will showcase two types of covered bonds: a non-indexed series known as LBANK CB 29, along with an inflation-linked series designated as LBANK CBI 31.

Details of the Auction

In conjunction with this auction, an exchange offering will provide additional options for existing bondholders. Individuals holding the non-indexed series, LBANK CB 25, will have the chance to sell their bonds in exchange for the newly auctioned bonds, facilitating a smooth transition for investors looking to diversify their portfolios. The clean price for these bonds has been predefined at 98.973, adding clarity for potential buyers.

Settlement Dates and Bond Program

The expected settlement date for these transactions is set for 19 June 2025. This timeline is essential for investors to understand as they navigate their investment strategies.

Bond Ratings and Management

These covered bonds will be issued under Landsbankinn’s established covered bond programme. Notably, covered bonds issued by Landsbankinn hold an A+ rating with a stable outlook, as assessed by S&P Global Ratings. This recognition underscores the reliability and strong creditworthiness associated with these bonds.

Management of the Auction Process

Landsbankinn Capital Markets will oversee the auction event. They will be available to assist investors and provide necessary information regarding the auction process. For inquiries or more information, interested parties can reach out at +354 410 7330 or send an email to verdbrefamidlun@landsbankinn.is.

Frequently Asked Questions

What types of covered bonds will be available at the auction?

The auction will feature two types of covered bonds: a non-indexed series LBANK CB 29 and an inflation-linked series LBANK CBI 31.

How can existing bondholders exchange their bonds?

Existing holders of the non-indexed series LBANK CB 25 can exchange their bonds for the newly auctioned bonds during the auction process.

What is the expected settlement date for the auction?

The expected settlement date for the bonds purchased during the auction is on 19 June 2025.

What rating do Landsbankinn's covered bonds hold?

The covered bonds issued by Landsbankinn are rated A+ with a stable outlook by S&P Global Ratings, indicating strong financial health.

Who is managing the auction process?

Landsbankinn Capital Markets will manage the auction, providing guidance and support to potential investors throughout the process.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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