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 8,320m.

The non-index linked issue ISLA CB 23 was sold for an amount of ISK 5,040m at a yield of 2.51%. Total offers received amounted to ISK 5,040m ranging from 2.44% - 2.51%. In addition, Íslandsbanki will issue 1,000m for its own use.  Following the tap issuance, the total amount issued will be ISK 29,940m.

The non-index linked issue ISLA CB 27 was sold for an amount of ISK 880m at a yield of 2.71%. Total offers received amounted to ISK 900m ranging from 2.65% - 2.73% In addition, Íslandsbanki will issue 1,000m for its own use. Following the tap issuance, the total amount issued will be ISK 6,380m.

The CPI-linked issue ISLA CBI 28 was sold for an amount of ISK 2,380m at a yield of 0.61%. Total offers received amounted to ISK 2,380m ranging from 0.49% - 0.61%. Following the tap issuance, the total amount issued will be ISK 28,620m.

Trading is expected to commence on 15 December 2020 on Nasdaq Iceland.

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