Íslandsbanki hf. has today concluded an offering of covered bonds.
Total demand amounted to ISK 7,660m and total amount sold was 5,980m.
The non-index linked issue ISLA CB 21 was sold for an amount of ISK 2,320m at a yield of 5.55%. Total offers received amounted to ISK 3,400m ranging from 5.45% - 5.87%. Following the tap issuance, the total amount issued will be ISK 2,320m.
The non-index linked issue ISLA CB 23 was sold for an amount of ISK 1,120m at a yield of 5.73%. Total offers received amounted to ISK 1,120m ranging from 5.70% - 5.73%. Following the tap issuance, the total amount issued will be ISK 12,800m.
The CPI-linked issue ISLA CBI 28 was sold for an amount of ISK 2,540m at a yield of 2.25%. Total offers received amounted to ISK 3,140m ranging from 2.14% - 2.29%. Following the tap issuance, the total amount issued will be ISK 2,540m.
Trading is expected to commence on 11 February 2019 on Nasdaq Iceland.
In line with the auction announcement, Íslandsbanki buys back ISK 840m of ISLA CB 19 and ISK 2,620m of ISLA CBI 19 as payment towards the purchase of bonds in the auction.
For further information:
Investor Relations - Gunnar S. Magnússon, ir@islandsbanki.is and tel: +354 440 4665.