Islandsbanki hf.: Concludes covered bond offering

Íslandsbanki hf. has today concluded an offering of covered bonds.

Total demand amounted to ISK 2,040m.

Total offers received in the CPI-linked issue ISLA CBI 22 amounted to ISK 1,340m ranging from 3.05% - 3.10%. All offers were declined at this time.

The CPI-linked issue ISLA CBI 30 was sold for an amount of ISK 200m at a yield of 2.708%. Total offers received amounted to ISK 700m ranging from 2.708% - 2.760%. Following the tap issuance, the total amount issued will be ISK 9,240m.

Trading is expected to commence on 25 July 2017 on Nasdaq Iceland.

So far this year Íslandsbanki has issued covered bonds in the amount of ISK 30,840m. The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 95,540m after the auction.

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