News

Islandsbanki hf.: Concludes covered bond offering

Íslandsbanki hf. has today concluded an offering of covered bonds. Total demand amounted to ISK 3,600m.

The CPI-linked issue ISLA CBI 24 was sold for an amount of ISK 1,700m at a yield of 2.49%. Total offers received amounted to ISK 2,100m ranging from 2.43% - 2.50%. Following the tap issuance, the total amount issued will be ISK 23,100m.

The CPI-linked issue ISLA CBI 30 was sold for an amount of ISK 1,500m at a yield of 2.52%. Total offers received amounted to ISK 1,500m ranging from 2.46% - 2.52%. Following the tap issuance, the total amount issued will be ISK 20,460m.

Trading is expected to commence on 28 March 2018 on Nasdaq Iceland.

Íslandsbanki proposed to accept ISLA CBI 19 as payment towards accepted bids in the auction. No such transaction will take place on this occasion.

The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 115,860m after the auction.

For further information: Investor Relations - Gunnar S. Magnússon, ir@islandsbanki.is and tel: +354 440 4665.

 

Til baka

Netspjall