Islandsbanki hf.: Concludes covered bond offering

18.07.2018 - IR Releases

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

Total demand amounted to ISK 2,640m.

The non-indexed issue ISLA CB 23 was sold for an amount of ISK 500m at a yield of 5.67%. Total offers received amounted to ISK 1.300m ranging from 5.67% - 5.72%. Following the tap issuance, the total amount issued will be ISK 9,060m.

The CPI-linked issue ISLA CBI 24 was sold for an amount of ISK 260m at a yield of 2.58%. Total offers received amounted to ISK 660m ranging from 2.55% - 2.60%. Following the tap issuance, the total amount issued will be ISK 25,420m.

The CPI-linked issue ISLA CBI 26 was sold for an amount of ISK 680m at a yield of 2.56%. Total offers received amounted to ISK 680m ranging from 2.52% - 2.56%. Following the tap issuance, the total amount issued will be ISK 24,220m.

Trading is expected to commence on 25 July 2018 on Nasdaq Iceland.

The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 121,080m after the auction.

For further information:

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

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