Islandsbanki hf.: Concludes covered bond offering

29.03.2017 - IR Releases

Íslandsbanki hf. has today concluded an additional offering of covered bonds following the Bank's auction yesterday, 28 March 2017. 
Total demand in today's auction amounted to ISK 3,340m.

The CPI-linked issue ISLA CBI 22 was sold for an amount of ISK 1,500m at a yield of 3.10%. Total offers received amounted to ISK 1,500m at 3.10%. Following the tap issuance, the total amount issued will be ISK 9,820m.

The CPI-linked issue ISLA CBI 26 was sold for an amount of ISK 1,840m at a yield of 3.05%. Total offers received amounted to ISK 1,840m at 3.05%. Following the tap issuance, the total amount issued will be ISK 22,880m.

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 72,840m after the auction.

 

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