Íslandsbanki has today issued a new 5-year covered bond for a total of EUR 300 million.
The issue was launched off Íslandsbanki´s Covered Bond Programme dated 8 April 2022. Priced at a spread of 70 basis points over mid-swap rates, the bond pays an annual coupon of 3% and matures on 20 September 2027.
The transaction was managed by Barclays Bank Ireland PLC and UBS Europe SE.
The issue will be listed on Euronext Dublin and is expected to be rated A by Standard & Poor´s Global Ratings.