News

Islandsbanki hf.: Concludes covered bond offering

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

Total demand amounted to ISK 2,180m.

The CPI-linked issue ISLA CBI 24 was sold for an amount of ISK 600m at a yield of 2.50%. Total offers received amounted to ISK 1,060m ranging from 2.49% - 2.56%. Following the tap issuance, the total amount issued will be ISK 27,100m.

The CPI-linked issue ISLA CBI 30 was sold for an amount of ISK 1,120m at a yield of 2.60%. Total offers received amounted to ISK 1,120m ranging from 2.55% - 2.60%. Following the tap issuance, the total amount issued will be ISK 23,100m.

Trading is expected to commence on 20 September 2018 on Nasdaq Iceland.

The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 125,120m after the auction.

For further information:

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

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