Islandsbanki hf. : Covered bond issues

29.04.2015 - IR Releases

Íslandsbanki hf. has concluded an auction of two CPI-linked covered bonds. The CPI-linked issue ISLA CBI 20 was tapped for an amount of ISK 380m at a real yield of 3.25%. A new eleven-year CPI-linked issue, ISLA CBI 26, was sold today for an amount of ISK 2,360m at a real yield of 3.40%.

Following these latest issues, the total amount issued in ISLA CBI 20 has reached ISK 3.20bn. In total, Íslandsbanki has now issued covered bonds amounting to ISK 36.55bn since its inaugural issue in December 2011.

Total appetite for the tap issue amounted to ISK 4.32bn, of which 63% of the offers were accepted. Trading is expected to commence on 7 May 2015 on Nasdaq Iceland. Market making for all of Íslandsbanki's covered bond issues is in the hands of MP bank.