Conclusion of covered bond offering 22 Apríl 2020

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 4,800m.

The non-index linked issue ISLA CB 21 was sold for an amount of ISK 240m at a yield of 2.37%. Total offers received amounted to ISK 240m ranging from 2.33% - 2.37%. Following the tap issuance, the total amount issued will be ISK 5,920m.

The non-index linked issue ISLA CB 23 was sold for an amount of ISK 320m at a yield of 2.64%. Total offers received amounted to ISK 1.060m ranging from 2.63% - 2.67%.  Following the tap issuance, the total amount issued will be ISK 23,400m.

The CPI-linked issue ISLA CBI 28 was sold for an amount of ISK 1,560m at a yield of 1.00%. Total offers received amounted to ISK 3,500m ranging from 0.96% - 1.09%.  Following the tap issuance, the total amount issued will be ISK 19,860m.

Trading is expected to commence on 29 April 2020 on Nasdaq Iceland.

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