Conclusion of covered bond offering

Íslandsbanki hf. has today concluded an offering of covered bonds. Total demand amounted to ISK 4,500m.


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.

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Margrét Lilja Hrafnkelsdóttir


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