Íslandsbanki hf. has concluded an auction of two CPI-linked covered bonds. The issue ISLA CBI 22 was sold today for an amount of ISK 640m at the real yield of 3.23%. The issue ISLA CBI 26 was sold for an amount of ISK 2.340m at the real yield of 3.21%.
Total demand amounted to ISK 3.5bn of which 85% of the offers were accepted. Following the transaction the total size of ISLA CBI 22 will be ISK 4.96bn and the total size of ISLA CBI 26 will be ISK 9.58bn. The total nominal amount of outstanding covered bonds issued by Íslandsbanki will amount to ISK 55.84bn following the transaction.
Trading is expected to commence on 15 February 2016 on Nasdaq Iceland.