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 3,400m.

The non-index linked issue ISLA CB 27 was sold for an amount of ISK 600m at a yield of 2.70%. Total offers received amounted to ISK 1.540m ranging from 2.65% - 2.90%.  Following the tap issuance, the total amount issued will be ISK 1,760m.

The CPI-linked issue ISLA CBI 28 was sold for an amount of ISK 1,020m at a yield of 0.19%. Total offers received amounted to ISK 1,860m ranging from 0.15% - 0.26%.  Following the tap issuance, the total amount issued will be ISK 24,780m.

Trading is expected to commence on 13 October 2020 on Nasdaq Iceland.

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