Landsbankinn hf. concludes sale of covered bonds Today,

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News Desk 2018
Landsbankinn hf. concludes sale of covered bonds

Today, Landsbankinn concluded a private placement of two series of covered bonds. In total, bids were received for the amount of ISK 3,380m and bids were accepted for ISK 2,240m.

LBANK CB 19, a non-indexed series listed on Nasdaq Iceland, was tapped for ISK 2,240m at 6.80% yield. Landsbankinn has previously issued ISK 5,040m in the same series. Following the tap issuance, the total amount issued will be ISK 7,280m.

No bids were accepted in the series LBANK CBI 22.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 21 December 2015 with Kvika acting as market maker.

The covered bonds are issued in accordance with a license from the Financial Supervisory Authority (FME), with reference to act. no. 11/2008 and FME‘s rules no. 528/2008. Further information on the bonds and the cover pool is available on Landsbankinn‘s website, www.landsbankinn.is/covered-bonds . 

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