Landsbankinn hf.: Covered bond offering results

Today, Landsbankinn concluded a covered bond auction where two series were offered for sale.

In total, 22 bids were received in the auction for the total amount of ISK 2,920m.

A total of 7 bids for ISK 820m were received in the series LBANK CBI 24 at 2.43%-2.48% yield. Bids for the amount of ISK 480m were accepted at 2.45% yield. Following the tap issuance, the total amount issued in the series will be ISK 12,860m.

A total of 15 bids for ISK 2,100m were received in the series LBANK CBI 28 at 2.48%-2.53% yield. Bids for the amount of ISK 1,900m were accepted at 2.52% yield. Following the tap issuance, the total amount issued in the series will be ISK 24,780m.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 20 March 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.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Landsbankinn hf. via Globenewswire

Near realtime Share prices & Historic Trading Data - AIM - LSE

Pumpedordumped cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk. Thankyou.

www.pumpedordumped.com