Landsbankinn hf.: Covered bond offering results

World News: . []

Today, Landsbankinn concluded a covered bond auction where two series were offered for sale.

In total, 29 bids were received in the auction for the total amount of ISK 3.880m.

A total of 12 bids for ISK 2,040m were received in the series LBANK CB 23 at 3.82%-3.90% yield. Bids in the amount of ISK 1,840m were accepted at 3.87% yield. Following the tap issuance, the total amount issued in the series will be ISK 21,340m.

A total of 17 bids for ISK 1,840m were received in the series LBANK CBI 26 at 1.43%-1.60% yield. Bids in the amount of ISK 1,660m were accepted in the series at 1.50% yield. In addition, the series will be tapped for ISK 960m for bond lending purposes in relation to market-making. The total amount issued in the series will be ISK 2,620m.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 21 January 2020. Arion banki, Islandsbanki and Kvika act as market makers for covered bonds issued by Landsbankinn.

The covered bonds are issued in accordance with a license from the Financial Supervisory Authority (FME), with reference to act. no. 11/2008 and FME‘s rules no. 528/2008. Further information on the bonds and the cover pool is available on Landsbankinn‘s website, .

More news and information about Landsbankinn hf.

Published By:

Globe Newswire: 15:56 GMT Tuesday 14th January 2020

Published: .

Search for other references to "landsbankinn" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2020. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
 
Privacy Policy | Terms and Conditions | Contact Us