Landsbankinn hf.: Covered bond offering results
May 22 2024 - 11:55AM
Landsbankinn hf.: Covered bond offering results
Today, Landsbankinn concluded a covered bond
auction where one series was offered for sale.
A total of 19 bids for ISK 7,760m were received
in the series LBANK CBI 30 at 3.58%-3.65% yield. Bids in the amount
of ISK 6,660m were accepted in the series at 3.61% yield. Following
the tap issuance, the total amount issued in the series will be ISK
21,300m.
Settlement date will be 29 May 2024.
Arion banki, Islandsbanki and Kvika act as
market makers for covered bonds issued by Landsbankinn. Covered
bonds issued by Landsbankinn are rated A+ with stable outlook by
S&P Global Ratings.
The covered bonds are issued in accordance with
a license from the Financial Supervisory Authority (FME), with
reference to act. no. 11/2008 and FME‘s rules no. 190/2023. Further
information on the bonds and the cover pool is available on
Landsbankinn‘s website, Landsbankinn's funding -
Landsbankinn.is.