News

Islandsbanki hf. completes covered bond issuance

Íslandsbanki hf. has concluded an auction of two CPI-linked covered bonds. The issue ISLA CBI 22 was sold today for an amount of ISK 400m at the real yield of 2.95%. The issue ISLA CBI 26 was sold for an amount of ISK 940m at the real yield of 3.03%.

Total demand amounted to ISK 1.78bn of which 75% of the offers were accepted. Following the transaction the total size of ISLA CBI 22 will be ISK 5.36bn and the total size of ISLA CBI 26 will be ISK 10.52bn. The total nominal amount of outstanding covered bonds issued by Íslandsbanki will amount to ISK 57.18bn following the transaction.

Trading is expected to commence on 16 March 2016 on Nasdaq Iceland.

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