Islandsbanki hf.: Concludes covered bond offering

20.11.2018 - IR Releases

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

Total demand amounted to ISK 620m.

The non-index linked issue ISLA CB 23 was sold for an amount of ISK 620m at a yield of 6.37%. Total offers received amounted to ISK 620m ranging from 6.32% - 6.37%. Following the tap issuance, the total amount issued will be ISK 9,680m.

Trading is expected to commence on 27 November 2018 on Nasdaq Iceland.

The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 128,100m after the auction.

For further information

Investor Relations - Gunnar S. Magnússon, and tel: +354 440 4665.