Landsbankinn hf. : Covered bond offering results
Post# of 301275
Today, Landsbankinn concluded a covered bond auction where four series were offered for sale.
In total, 21 bids were received in the auction for the total amount of ISK 3,660m.
A total of 3 bids for ISK 1,960m were received in the series LBANK CB 19 at 5.27-5.30% yield. All bids in the series were accepted at 5.30% yield. Following the tap issuance, the total amount issued in the series will be ISK 16,960m.
A total of 6 bids for ISK 540m were received in the series LBANK CB 21 at 5.33%-5.36% yield. Bids for the amount of ISK 200m were accepted at 5.33% yield. Following the tap issuance, the total amount issued in the series will be ISK 3,620m.
A total of 2 bids for ISK 140m were received in the series LBANK CBI 22 at 3.15%-3.20% yield. Both bids in the series were accepted at 3.20% yield. Following the tap issuance, the total amount issued in the series will be ISK 19.860m.
A total of 10 bids for ISK 1,020m were received in the series LBANK CBI 28 at 2.98%-3.00% yield. All bids in the series were accepted at 3.00% yield. Following the tap issuance, the total amount issued in the series will be ISK 5.240m.
The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 23 March 2017. Arion banki, Islandsbanki and Kvika act as market makers for covered bonds issued by Landsbankinn.
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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