Islandsbanki hf. : Íslandsbanki concludes covered bond offering

15.09.2016 - IR Releases

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

  • The n.on-indexed issue ISLA CB 19 was sold for an amount of ISK 760m at a yield of 5.60%.
  • The CPI-linked issue ISLA CBI 26 was sold for an amount of ISK 520m at a yield of 3.12%.
  • Total demand amounted to ISK 1,380m.

Trading is expected to commence on 22 September 2016 on Nasdaq Iceland.

So far this year Íslandsbanki has issued covered bonds in the amount of ISK 12,240m. The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 63,760m.