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.