Islandsbanki hf.: Concludes covered bond offering
Íslandsbanki hf. has today concluded an offering of covered bonds.
Total demand amounted to ISK 4,040m.
The CPI-linked issue ISLA CBI 24 was sold for an amount of ISK 1,460m at a yield of 2.53%. Total offers received amounted to ISK 2,440m ranging from 2.50% - 2.56%. Following the tap issuance, the total amount issued will be ISK 28,560m.
The CPI-linked issue ISLA CBI 30 was sold for an amount of ISK 900m at a yield of 2.55%. Total offers received amounted to ISK 1,600m ranging from 2.51% - 2.60%. Following the tap issuance, the total amount issued will be ISK 24,000m.
Trading is expected to commence on 23 October 2018 on Nasdaq Iceland.
The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 127,480m after the auction.
For further information
Investor Relations - Gunnar S. Magnússon, firstname.lastname@example.org and tel: +354 440 4665.