News

Islandsbanki hf.: Concludes covered bond offering

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

Total demand amounted to ISK 5,540m.

The CPI-linked issue ISLA CBI 24 was sold for an amount of ISK 1,000m at a yield of 2.70%. Total offers received amounted to ISK 1,080m ranging from 2.70% - 2.72%. Following the tap issuance, the total amount issued will be ISK 16,220m.

The CPI-linked issue ISLA CBI 30 was sold for an amount of ISK 4,400m at a yield of 2.73%. Total offers received amounted to ISK 4,460m ranging from 2.71% - 2.74%. Following the tap issuance, the total amount issued will be ISK 14,060m.

Trading is expected to commence on 26 September 2017 on Nasdaq Iceland.

So far this year Íslandsbanki has issued covered bonds in the amount of ISK 37,880m. The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 102,580m after the auction.

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