This is a correction of the announcement from 16:57 12.12.2017 GMT. Reason for the correction: Total amount outstanding in covered bonds after the auction was incorrect in the Icelandic announcement.
Íslandsbanki hf. has today concluded an offering of covered bonds. Total demand amounted to ISK 1,340m.
The CPI-linked issue ISLA CBI 24 was sold for an amount of ISK 740m at a yield of 2.57%. Total offers received amounted to ISK 860m ranging from 2.50% - 2.58%. Following the tap issuance, the total amount issued will be ISK 18,640m.
The CPI-linked issue ISLA CBI 30 was sold for an amount of ISK 480m at a yield of 2.44%. Total offers received amounted to ISK 480m ranging from 2.39% - 2.44%. Following the tap issuance, the total amount issued will be ISK 15,460m.
Trading is expected to commence on 19 December 2017 on Nasdaq Iceland. So far this year Íslandsbanki has issued covered bonds in the amount of ISK 41,700m. The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 106,400m after the auction.