Landsbankinn hf.: Covered bond offering results
02 Julio 2024 - 10:45AM
Landsbankinn hf.: Covered bond offering results
Today, Landsbankinn concluded a covered bond
auction where one series was offered for sale.
A total of 22 bids for ISK 6,240m were received
in the series LBANK CBI 30 at 3.77%-3.85% yield. Bids in the amount
of ISK 1,900m were accepted in the series at 3.79% yield. Following
the tap issuance, the total amount issued in the series will be ISK
24,660m.
Settlement date will be 9 July 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.