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Islandsbanki hf.: Concludes covered bond offering

Íslandsbanki hf. has today concluded an offering of covered bonds. Total demand amounted to ISK 1,740m.


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

Total demand amounted to ISK 1,740m.

The non-indexed issue ISLA CB 19 was sold for an amount of ISK 500m at a yield of 5.30%. Total offers received amounted to ISK 520m ranging from 5.29% - 5.32%. Following the tap issuance, the total amount issued will be ISK 10.020m.

The CPI-linked issue ISLA CBI 22 was sold for an amount of ISK 60m at a yield of 3.10%. Total offers received amounted to ISK 60m at 3.10%. Following the tap issuance, the total amount issued will be ISK 8.320m.

The CPI-linked issue ISLA CBI 26 was sold for an amount of ISK 1.160m at a yield of 3.05%. Total offers received amounted to ISK 1.160m ranging from 2.99% - 3.05%. Following the tap issuance, the total amount issued will be ISK 21.040m.

Trading is expected to commence on 4 April 2017 on Nasdaq Iceland.

The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 69,500m after the auction.