Íslandsbanki: Correction regarding covered bond tap issuances on NASDAQ OMX Iceland

Íslandsbanki would like to make a correction to its regulatory release published 3 May 2012 regarding two new tap issuances of covered bonds that were listed on NASDAQ OMX Iceland

The total amount tapped into the ISLA CBI 19 is ISK 630,000,000 and not ISK 635,000,000. Total appetite for the tap issuances amounted to ISK 2,180,000,000, 68% of offers were accepted, or for the amount of ISK 1,480,000,000. In total, Íslandsbanki has now issued covered bonds amounting to ISK 8,810,000,000 since its inaugural issuance in December 2011.

Trading will commence on 10 May 2012 on the Nasdaq OMX Iceland. Market making for all of Íslandsbanki’s covered bond issuances is in the hands of MP banki.

The bonds are issued under Act 11/ 2008 on Covered Bonds which obliges the issuer to fulfil strict requirements, whereby the underlying cover pool must withstand a weekly stress test with regard to interest rates and exchange rates. The issue is regulated by the Icelandic Financial Supervisory Authority which additionally appoints an independent inspector to monitor the issue. Special cover pool reports on the covered bond issuances are published quarterly and can be found on Íslandsbanki’s web.

For further information:

  • Investor Relations - Tinna Molphy, and tel: +354 440 3187.
  • Media Relations – Guðný Helga Herbertsdóttir, and tel: +354 440 3678 / mob: +354 844 3678.

Til baka