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 4,140m.

The non-index linked issue ISLA CB 21 was sold for an amount of ISK 100m at a yield of 4.50%. Total offers received amounted to ISK 300m ranging from 4.50% - 4.54%. Following the tap issuance, the total amount issued will be ISK 4,660m.

The non-index linked issue ISLA CB 23 was sold for an amount of ISK 920m at a yield of 4.53%. Total offers received amounted to ISK 1.120m ranging from 4.51% - 4.56%.  Following the tap issuance, the total amount issued will be ISK 20,400m.

The CPI-linked issue ISLA CBI 28 was sold for an amount of ISK 1.680m at a yield of 1.72%. Total offers received amounted to ISK 2,720m ranging from 1.69% - 1.76%.  Following the tap issuance, the total amount issued will be ISK 15,040m.

Trading is expected to commence on 22 August 2019 on Nasdaq Iceland.

Further information:


Gunnar S. Magnusson


Investor Relations

Email440 4665