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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 5,000m.


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

Total demand amounted to ISK 5,000m.

The non-indexed issue ISLA CB 19 was sold for an amount of ISK 820m at a yield of 5.27%.

Total offers received amounted to ISK 900m ranging from 5.14% - 5.30%. Following the tap issuance, the total amount issued will be ISK 10,840m.

The CPI-linked issue ISLA CBI 22 was sold for an amount of ISK 3,100m at a yield of 3.20%.

Total offers received amounted to ISK 3,100m ranging from 3.15% - 3.20%. Following the tap issuance, the total amount issued will be ISK 12,920m.

The CPI-linked issue ISLA CBI 26 was sold for an amount of ISK 660m at a yield of 2.97%.

Total offers received amounted to ISK 1,000m ranging from 2.92% - 3.00%. Following the tap issuance, the total amount issued will be ISK 23,540m.

Trading is expected to commence on 2 May 2017 on Nasdaq Iceland.

The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 77,420m after the auction.