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Conclusion of covered bond offering 13 June

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


Total demand amounted to ISK 3,080m.

The non-index linked issue ISLA CB 21 was sold for an amount of ISK 200m at a yield of 4.52%. Total offers received amounted to ISK 200m ranging from 4.50% - 4.52%.  In addition the series was tapped for ISK 960m for bond lending purposes in relation to market makers. Following the tap issuance, the total amount issued will be ISK 4,160m.

The non-index linked issue ISLA CB 23 was sold for an amount of ISK 2,480m at a yield of 4.66%. Total offers received amounted to ISK 2,880m ranging from 4.60% - 4.67%.  Following the tap issuance, the total amount issued will be ISK 19,380m.

Trading is expected to commence on 20 June 2019 on Nasdaq Iceland.

Further information:


Gunnar S. Magnússon

Investor Relations


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