Landsbankinn hf.: Covered bond offering results To
Post# of 35791
Today, Landsbankinn concluded a covered bond auction where three series were offered for sale.
In total, 23 bids were received in the auction for the total amount of ISK 4,760m.
A total of 4 bids for ISK 1,480m were received in the series LBANK CB 23 at 5.86%-5.92% yield. All bids were accepted at 5.92% yield. Following the tap issuance, the total amount issued in the series will be ISK 6,120m.
A total of 12 bids for ISK 2,240m were received in the series LBANK CBI 24 at 2.14%-2.20% yield. All bids were accepted at 2.20% yield. Following the tap issuance, the total amount issued in the series will be ISK 31,460m.
A total of 7 bids for ISK 1,040m were received in the series LBANK CBI 28 at 2.15%-2.20% yield. Bids for the amount of ISK 740m were accepted at 2.16% yield. Following the tap issuance, the total amount issued in the series will be ISK 33,320m.
The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 19 February 2019. 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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