Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Tuesday, 10 October 2017

Landsbankinn hf. : Covered bond offering results

Landsbankinn hf.    

Published: 18:11 CEST 10-10-2017 /GlobeNewswire /Source: Landsbankinn hf. / : LBANK CBI 22 /ISIN: IS0000025856

Landsbankinn hf. : Covered bond offering results

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

In total, 20 bids were received in the auction for the total amount of ISK 6,760m.

No bids were received in the series LBANK CB 21.

A total of 10 bids for ISK 1,080m were received in a new benchmark series, LBANK CB 23 at 5.23%-5.45% yield. No bids were accepted in the series.

A total of 3 bids for ISK 2,220m were received in the series LBANK CBI 24 at 2.71%-2.73% yield. Bids for the amount of ISK 2,020m were accepted at 2.72% yield. Following the tap issuance, the total amount issued in the series will be ISK 8,620m.

A total of 7 bids for ISK 3,460m were received in the series LBANK CBI 28 at 2.62%-2.69% yield. Bids for the amount of ISK 1,180m were accepted at 2.67% yield. Following the tap issuance, the total amount issued in the series will be ISK 18,280m.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 17 October 2017. 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, www.landsbankinn.is/covered-bonds





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 Corporate Solutions clients. Source: Landsbankinn hf., Austurstraeti 11, Reykjavik 155, Iceland
If you would like to unsubscribe and stop receiving these e-mails click here.