Conclusion of covered bond offering

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


Total demand amounted to ISK 2,580m.

The non-index linked issue ISLA CB 21 was sold for an amount of ISK 400m at a yield of 4.60%. Total offers received amounted to ISK 700m ranging from 4.59% - 4.64%. Following the tap issuance, the total amount issued will be ISK 4,560m.

The non-index linked issue ISLA CB 23 was sold for an amount of ISK 100m at a yield of 4.65%. Total offers received amounted to ISK 540m ranging from 4.65% - 4.70%.  Following the tap issuance, the total amount issued will be ISK 19,480m.

The CPI-linked issue ISLA CBI 28 was sold for an amount of ISK 600m at a yield of 1.61%. Total offers received amounted to ISK 1,340m ranging from 1.55% - 1.66%.  Following the tap issuance, the total amount issued will be ISK 13,360m.

Trading is expected to commence on 23 July 2019 on Nasdaq Iceland.

Further information:


Gunnar S. Magnússon


Investor Relations

Email440 4665