Islandsbanki hf. : Covered bond issues

27.08.2015 - IR Releases

Íslandsbanki hf. has concluded an auction of two CPI-linked covered bonds. A new CPI-linked issue, ISLA CBI 22, was sold today for an amount of ISK 1.080m at a real yield of 3.00%. The CPI-linked issue ISLA CBI 26 was tapped for an amount of ISK 2.140m at a real yield of 3.05%.

Following these latest issues, the total amount issued in ISLA CBI 26 has reached ISK 6.38bn. In total, Íslandsbanki has now issued covered bonds amounting to ISK 42.57bn since its inaugural issue in December 2011.

Total appetite for the issue amounted to ISK 5.9bn, of which 55% of the offers were accepted. Trading is expected to commence on 4 September 2015 on Nasdaq Iceland. Market making for all of Íslandsbanki's covered bond issues is in the hands of MP bank.