Correction: Covered bond tap issue – Announcement published 2015-09-24 18:57

25.09.2015 - IR Releases

Correction: The amount of sold covered bonds was wrongly stated ISK 2.22bn in the former announcement. The following announcement states the correct amount of ISK 2.32bn:

Íslandsbanki hf. has concluded an auction of non-indexed covered bonds. The issue ISLA CB 19 was sold today for an amount of ISK 2.32bn 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 4.18bn. In total, Íslandsbanki has now issued covered bonds amounting to ISK 44.89bn 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.