Islandsbanki hf.: Concludes covered bond offering

24.05.2018 - IR Releases

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

Total demand amounted to ISK 1,380m.

The CPI-linked issue ISLA CBI 24 was sold for an amount of ISK 300m at a yield of 2.63%. Total offers received amounted to ISK 960m ranging from 2.62% - 2.70%. Following the tap issuance, the total amount issued will be ISK 24,000m.

The CPI-linked issue ISLA CBI 30 was sold for an amount of ISK 160m at a yield of 2.63%. Total offers received amounted to ISK 420m ranging from 2.62% - 2.67%. Following the tap issuance, the total amount issued will be ISK 21,340m.

Trading is expected to commence on 31 May 2018 on Nasdaq Iceland.

The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 117,640m after the auction.

For further information: Investor Relations - Gunnar S. Magnússon, ir@islandsbanki.is and tel: +354 440 4665.

Netspjall