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Tuesday, 19 September 2017

Islandsbanki hf.: Concludes covered bond offering

Islandsbanki hf.    

Published: 19:17 CEST 19-09-2017 /GlobeNewswire /Source: Islandsbanki hf. / : ISLA CBI 16 /ISIN: IS0000020758

Islandsbanki hf.: Concludes covered bond offering

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

Total demand amounted to ISK 5,540m.

The CPI-linked issue ISLA CBI 24 was sold for an amount of ISK 1,000m at a yield of 2.70%. Total offers received amounted to ISK 1,080m ranging from 2.70% - 2.72%. Following the tap issuance, the total amount issued will be ISK 16,220m.

The CPI-linked issue ISLA CBI 30 was sold for an amount of ISK 4,400m at a yield of 2.73%. Total offers received amounted to ISK 4,460m ranging from 2.71% - 2.74%. Following the tap issuance, the total amount issued will be ISK 14,060m.

Trading is expected to commence on 26 September 2017 on Nasdaq Iceland.

So far this year Íslandsbanki has issued covered bonds in the amount of ISK 37,880m. The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 102,580m after the auction.

For further information:

  • Treasury - Jóhann Ottó Wathne, treasury@islandsbanki.is and tel: +354 440 4607.

  • Public Relations - Edda Hermannsdóttir, pr@islandsbanki.is and tel: +354 440 4005.




This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Íslandsbanki hf., Kirkjusandur 2, Reykjavik IS-155, Iceland
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