Landsbankinn hf.: Covered bond offering results
Post# of 301275
Today, Landsbankinn concluded a covered bond auction where three series were offered for sale.
In total, 6 bids were received in the auction for the total amount of ISK 1,080m.
A total of 2 bids for ISK 400m were received in the series LBANK CB 23 at 5.59%-5.60% yield. Neither of those bids were accepted in the series.
A total of 3 bids for ISK 620m were received in the series LBANK CBI 24 at 2.50%-2.58% yield. Bids for the amount of ISK 420m were accepted in the series at 2.51% yield. Following the tap issuance, the total amount issued in the series will be ISK 17,520m.
A total of 1 bid for ISK 60m was received in the series LBANK CBI 28 at 2.51% yield. This bid was not accepted in the series.
The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 17 July 2018. 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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