Islandsbanki hf.: Concludes covered bond offering

25.04.2017 - IR Releases

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

Total demand amounted to ISK 5,000m.

The non-indexed issue ISLA CB 19 was sold for an amount of ISK 820m at a yield of 5.27%.

Total offers received amounted to ISK 900m ranging from 5.14% - 5.30%. Following the tap issuance, the total amount issued will be ISK 10,840m.

The CPI-linked issue ISLA CBI 22 was sold for an amount of ISK 3,100m at a yield of 3.20%.

Total offers received amounted to ISK 3,100m ranging from 3.15% - 3.20%. Following the tap issuance, the total amount issued will be ISK 12,920m.

The CPI-linked issue ISLA CBI 26 was sold for an amount of ISK 660m at a yield of 2.97%.

Total offers received amounted to ISK 1,000m ranging from 2.92% - 3.00%. Following the tap issuance, the total amount issued will be ISK 23,540m.

Trading is expected to commence on 2 May 2017 on Nasdaq Iceland.

The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 77,420m after the auction.

Netspjall