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, 27 bids were received in the auction for the total amount of ISK 2,360m.
A total of 5 bids for ISK 180m were received in the series LBANK CB 19 at 5.27-5.33% yield. Bids for the amount of ISK 120m in the series were accepted at 5.28% yield. Following the tap issuance, the total amount issued in the series will be ISK 17,080m.
A total of 8 bids for ISK 620m were received in the series LBANK CB 21 at 5.28%-5.34% yield. Bids for the amount of ISK 580m were accepted at 5.30% yield. Following the tap issuance, the total amount issued in the series will be ISK 4,200m.
A total of 6 bids for ISK 640m were received in the series LBANK CBI 22 at 3.25%-3.30% yield. All bids in the series were accepted at 3.30% yield. Following the tap issuance, the total amount issued in the series will be ISK 20,500m.
A total of 8 bids for ISK 920m were received in the series LBANK CBI 28 at 2.99%-3.04% yield. Bids for the amount of ISK 580m were accepted at 3.00% yield. Following the tap issuance, the total amount issued in the series will be ISK 5.820m.
The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 12 April 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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