Conclusion of covered bond offering

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


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

Total demand amounted to ISK 2,900m.

The non-index linked issue ISLA CB 21 was sold for an amount of ISK 500m at a yield of 2.94%. Total offers received amounted to ISK 500m ranging from 2.92% - 2.94%. Following the tap issuance, the total amount issued will be ISK 5,680m.

The non-index linked issue ISLA CB 23 was sold for an amount of ISK 1,400m at a yield of 3.54%. Total offers received amounted to ISK 1.640m ranging from 3.50% - 3.56%.  Following the tap issuance, the total amount issued will be ISK 23,080m.

The CPI-linked issue ISLA CBI 28 was sold for an amount of ISK 480m at a yield of 1.06%. Total offers received amounted to ISK 760m ranging from 1.00% - 1.08%.  Following the tap issuance, the total amount issued will be ISK 18,300m.

Trading is expected to commence on 23 March 2020 on Nasdaq Iceland.

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