News

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

Total demand amounted to ISK 3,720m.

The CPI-linked issue ISLA CBI 24 was sold for an amount of ISK 600m at a yield of 2.58%. Total offers received amounted to ISK 2,200m ranging from 2.56% - 2.62%. Following the tap issuance, the total amount issued will be ISK 23,700m.

The CPI-linked issue ISLA CBI 30 was sold for an amount of ISK 720m at a yield of 2.56%. Total offers received amounted to ISK 1,520m ranging from 2.55% - 2.60%. Following the tap issuance, the total amount issued will be ISK 21,180m.

Trading is expected to commence on 3 May 2018 on Nasdaq Iceland.

The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 117,180m after the auction.

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

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