Islandsbanki hf.: Concludes covered bond offering

28.03.2017 - IR Releases

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

Total demand amounted to ISK 1,740m.

The non-indexed issue ISLA CB 19 was sold for an amount of ISK 500m at a yield of 5.30%. Total offers received amounted to ISK 520m ranging from 5.29% - 5.32%. Following the tap issuance, the total amount issued will be ISK 10.020m.

The CPI-linked issue ISLA CBI 22 was sold for an amount of ISK 60m at a yield of 3.10%. Total offers received amounted to ISK 60m at 3.10%. Following the tap issuance, the total amount issued will be ISK 8.320m.

The CPI-linked issue ISLA CBI 26 was sold for an amount of ISK 1.160m at a yield of 3.05%. Total offers received amounted to ISK 1.160m ranging from 2.99% - 3.05%. Following the tap issuance, the total amount issued will be ISK 21.040m.

Trading is expected to commence on 4 April 2017 on Nasdaq Iceland.

The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 69,500m after the auction.

Netspjall