Landsbankinn's Upcoming Covered Bonds Auction: Key Details
Landsbankinn to Launch Auction for Covered Bonds
Landsbankinn is preparing to offer a unique opportunity for investors with the auction of covered bonds scheduled for a forthcoming Monday. This auction will feature two notable series: the non-indexed LBANK CB 29 and the new inflation-linked LBANK CBI 31.
Details of the Auction
The auction is set to occur at 15:00, with significant implications for current bondholders. In an exciting development, holders of the non-indexed series LBANK CB 25 will have the chance to exchange their bonds for those obtained during this auction.
Bond Pricing Information
The clean price of the bonds has been meticulously predefined, set at 97.791. This careful consideration reflects Landsbankinn's commitment to transparency and fair trading practices.
Settlement and Ratings
Once the auction concludes, the expected settlement date for the covered bonds is predicted for the 24th of March. Investors can feel assured as these covered bonds are issued under the reputable bank's covered bond program, boasting a solid rating of A+ with a stable outlook from S&P Global Ratings.
Management of the Auction
Landsbankinn Capital Markets will oversee the auction, ensuring a seamless experience for all participants involved. This management showcases the bank’s expertise and commitment to maintaining high standards in the financial market.
Contact Information
For those seeking additional information or clarification, feel free to reach out to Landsbankinn Capital Markets at +354 410 7330. You can also get in touch through email at verdbrefamidlun@landsbankinn.is.
Frequently Asked Questions
What types of bonds are being offered in the auction?
The auction will offer a non-indexed series LBANK CB 29 and a new inflation-linked series, LBANK CBI 31.
When is the auction scheduled to take place?
The auction is set for a Monday at 15:00.
What is the clean price for the bonds?
The predefined clean price is set at 97.791.
Who will manage the auction?
Landsbankinn Capital Markets will manage the auction.
How can I contact Landsbankinn for inquiries?
You can reach them at +354 410 7330 or via email at verdbrefamidlun@landsbankinn.is.
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