Islandsbanki hf.: Concludes covered bond offering

24.01.2017 - IR Releases

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

Total demand amounted to ISK 1,560m.

The non-indexed issue ISLA CB 19 was sold for an amount of ISK 580m at a yield of 5.56%. Total offers received amounted to ISK 880 million ranging from 5.51% - 5.58%. Following the tap issuance, the total amount issued will be ISK 9.360m.

The CPI-linked issue ISLA CBI 22 was sold for an amount of ISK 540m at a yield of 3.25%. Total offers received amounted to ISK 540 million ranging from 3.21% - 3.25%. Following the tap issuance, the total amount issued will be ISK 6.840m.

The CPI-linked issue ISLA CBI 26 was sold for an amount of ISK 140m at a yield of 3.05%. Total offers received amounted to ISK 140 million at 3.05%. Following the tap issuance, the total amount issued will be ISK 19.640m.

Trading is expected to commence on 31 January 2017 on Nasdaq Iceland.

The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 65,960m after the auction.

Netspjall