Íslandsbanki hf. has signed market-making agreements with Arion bank hf., Kvika hf., and Landsbankinn regarding covered bonds issued by Íslandsbanki on NASDAQ Iceland.
The purpose of the agreement is to promote trading with the bonds covered by the agreement in order to increase their liquidity and encourage transparent price formation.
The market makers will place bid and ask orders for the bonds every day. The minimum nominal amount of orders in series other than benchmark series is ISK 20 million. The minimum nominal amount for benchmark series shall be based on the size of each series in accordance with the following table: