Islandsbanki hf. : Covered bond tap issue

24.09.2015 - IR Releases

Íslandsbanki hf. has concluded an auction of non-indexed covered bonds. The issue ISLA CB 19 was sold today for an amount of ISK 2.22bn at the nominal yield of 6.90%.

All offers were accepted and following this latest issue, the total amount issued in ISLA CB 19 has reached ISK 4.08bn. In total, Íslandsbanki has now issued covered bonds amounting to ISK 44.79bn since its inaugural issue in December 2011.

Trading is expected to commence on 30 September 2015 on Nasdaq Iceland. Market making for all of Íslandsbanki's covered bond issues is in the hands of MP Straumur.