Landsbankinn hf. : Offering of covered bonds issued by Landsbankinn

Landsbankinn will offer covered bonds for sale via auction held on Tuesday 24 May at 15:00. Two series already issued on Nasdaq Iceland will be offered for sale, inflation-linked series LBANK CBI 22 and non-indexed series LBANK CB 19.

In connection with the auction, a bond exchange offering will take place where holders of the non-indexed series LBANK CB 16 can sell the bonds in the series against bonds bought in the above-mentioned auction. The price of the bonds in the series LBANK CB 16 is predefined and is decided by the yield 5.94% that equals the clean price 100.0 (dirty price is 106.1425).

Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Landsbankinn hf. via GlobeNewswire