News

Islandsbanki hf.: Concludes covered bond offering

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

Total demand amounted to ISK 3,160m.

The CPI-linked issue ISLA CBI 24 was sold for an amount of ISK 1,080m at a yield of 2.58%. Total offers received amounted to ISK 1,920m ranging from 2.52% - 2.60%. Following the tap issuance, the total amount issued will be ISK 26,500m.

The CPI-linked issue ISLA CBI 26 was sold for an amount of ISK 1,240m at a yield of 2.58%. Total offers received amounted to ISK 1,240m ranging from 2.54% - 2.58%. Following the tap issuance, the total amount issued will be ISK 25,460m.

Trading is expected to commence on 23 August 2018 on Nasdaq Iceland.

The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 123,400m after the auction.

For further information

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

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