Islandsbanki hf.: Upcoming covered bond auction 26 February

22.02.2019 - IR Releases

Íslandsbanki hf. will be holding an auction on covered bonds on Tuesday 26 February 2019.

The non-index linked series ISLA CB 21 and ISLA CB 23 and the CPI-linked series ISLA CBI 28 will be offered to investors.

The series are expected to be listed on Nasdaq Iceland on 7 March 2019.

Please note that, in respect of bids accepted in the auction:

Íslandsbanki will be accepting ISLA CB 19 as payment towards the purchase of bonds in the auction. Íslandsbanki will purchase ISLA CB 19 at the clean price of 100.1927, which is equivalent to a 4.85% yield. The value of ISLA CB 19, with accrued interest, will constitute payment towards the bonds issued 7 March 2019.

The intention to tender ISLA CB 19 as payment in the auction shall be submitted along with the offer.

The auction will be managed by Íslandsbanki’s Fixed Income Sales. Offers shall be submitted by e-mail to vbm@isb.is before 16:00 p.m. on 26 February 2019.

For further information:

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

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