Islandsbanki hf.: Concludes covered bond offering

20.06.2018 - IR Releases

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

Total demand amounted to ISK 2,500m.

The non-indexed issue ISLA CB 23 was sold for an amount of ISK 200m at a yield of 5.49%. Total offers received amounted to ISK 700m ranging from 5.49% - 5.55%. Following the tap issuance, the total amount issued will be ISK 8,560m.

The CPI-linked issue ISLA CBI 24 was sold for an amount of ISK 1,160m at a yield of 2.72%. Total offers received amounted to ISK 1,160m ranging from 2.68% - 2.72%. Following the tap issuance, the total amount issued will be ISK 25,160m.

The CPI-linked issue ISLA CBI 30 was sold for an amount of ISK 640m at a yield of 2.70%. Total offers received amounted to ISK 640m ranging from 2.66% - 2.70%. Following the tap issuance, the total amount issued will be ISK 21,980m.

Trading is expected to commence on 27 June 2018 on Nasdaq Iceland. The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 119,640m after the auction.

For further information: Investor Relations - Gunnar S. Magnússon, ir@islandsbanki.is and tel: +354 440 4665.

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