Today, Landsbankinn concluded an offering of two series of covered bonds. In total, bids were received for the amount of ISK 2,680m and bids were accepted for ISK 980m.
LBANK CBI 22, an inflation-linked series listed on Nasdaq Iceland, was tapped for ISK 980m at 3.35% yield. Landsbankinn has previously issued ISK 14,520m in the same series. Following the tap issuance, the total amount issued will be ISK 15,500m.
No bids in the non-indexed series LBANK CB 19 were accepted.
The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 22 June 2016 with Kvika acting as market maker.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