Islandsbanki hf.: Íslandsbanki concludes covered bond offering

Íslandsbanki hf. has today concluded an offering of covered bonds. Total demand amounted to ISK 1,860m.


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

Total demand amounted to ISK 1,860m.

The non-indexed issue ISLA CB 19 was sold for an amount of ISK 160m at a yield of 5.33%. Total offers received amounted to ISK 200 million ranging from 5.28% - 5.37%. Following the tap issuance, the total amount issued will be ISK 9.520m.

The CPI-linked issue ISLA CBI 22 was sold for an amount of ISK 1,420m at a yield of 3.25%. Total offers received amounted to ISK 1,420 million ranging from 3.20% - 3.25%. Following the tap issuance, the total amount issued will be ISK 8.260m.

The CPI-linked issue ISLA CBI 26 was sold for an amount of ISK 240m at a yield of 3.05%. Total offers received amounted to ISK 240 million ranging from 3.00% - 3.05%. Following the tap issuance, the total amount issued will be ISK 19.880m.

Trading is expected to commence on 7 February 2017 on Nasdaq Iceland.

The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 67,780m after the auction.