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

Total demand amounted to ISK 4,500m.

The non-index linked issue ISLA CB 21 was sold for an amount of ISK 400m at a yield of 3.61%. Total offers received amounted to ISK 560m ranging from 3.60% - 3.67%. Following the tap issuance, the total amount issued will be ISK 5,180m.

The non-index linked issue ISLA CB 23 was sold for an amount of ISK 1,280m at a yield of 3.90%. Total offers received amounted to ISK 1.380m ranging from 3.87% - 3.91%.  Following the tap issuance, the total amount issued will be ISK 21,680m.

The CPI-linked issue ISLA CBI 28 was sold for an amount of ISK 2.400m at a yield of 1.58%. Total offers received amounted to ISK 2,560m ranging from 1.50% - 1.60%.  Following the tap issuance, the total amount issued will be ISK 17,820m.

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