Landsbankinn hf. Launches Auction for Covered Bonds Sale
Landsbankinn hf. Launches Auction for Covered Bonds Sale
Landsbankinn is set to conduct an auction for covered bonds, offering an exciting investment opportunity for those looking to diversify their portfolios. The auction will take place on a Thursday afternoon, allowing potential investors to engage with exciting financial products at a convenient time.
Details of the Bond Offering
This auction features two distinct bond series – the inflation-linked LBANK CBI 30 and the non-indexed LBANK CB 29. These series cater to different investor needs, with one providing a hedge against inflation while the other focuses on stable returns without index fluctuations. This thoughtful approach demonstrates Landsbankinn's commitment to serving a diverse clientele.
Scheduled Auction and Settlement Dates
The bonds will be offered at 15:00, creating a focused time window for investors to participate. Once the auction concludes, investors can expect the settlement date to be on the 20th of the month, ensuring a timely transition to owning these bonds.
Why Choose Landsbankinn Covered Bonds?
Landsbankinn’s covered bonds are not just another option in the financial market; they currently hold an impressive A+ rating with a stable outlook per S&P Global Ratings. This rating reflects the strength and reliability of Landsbankinn as an issuer, reassuring investors about the security of their investments. The bank's robust financial standing and adherence to high standards further elevate the attractiveness of its offerings.
Management of the Auction
Landsbankinn Capital Markets will oversee the auction, ensuring a professional and efficient process for all participants. This experienced team will handle queries and assist investors in navigating the auction process, making it as seamless as possible.
Importance of Communication
For anyone seeking additional information, Landsbankinn encourages potential investors to reach out through their direct contact line at +354 410 7330. Additionally, inquiries can be directed to their dedicated email, providing a personal touch to the customer service experience.
Frequently Asked Questions
What types of bonds are being offered?
Landsbankinn is offering an inflation-linked series (LBANK CBI 30) and a non-indexed series (LBANK CB 29).
When is the auction taking place?
The auction will take place on a Thursday afternoon at 15:00.
What are the benefits of investing in Landsbankinn's covered bonds?
Landsbankinn's covered bonds are rated A+ with a stable outlook, providing assurance of security and reliability.
How can I get more information?
You can contact Landsbankinn at +354 410 7330 or via their email for more details regarding the auction.
What is the expected settlement date?
The expected settlement date for the bonds is set for 20th of the upcoming month.
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