Published: 2019-05-16 18:10:24 CEST
Landsbankinn hf.
Other information disclosed according to the rules of the Exchange

Landsbankinn hf.: Covered bond offering results

Today, Landsbankinn concluded a covered bond auction where four series were offered for sale.

In total, 56 bids were received in the auction for the total amount of ISK 9,960m.

A total of 8 bids for ISK 880m were received in the series LBANK CB 21 at 4.70%-4.77% yield. Bids in the amount of ISK 580m were accepted in the series at 4.71% yield. Following the tap issuance, the total amount issued in the series will be ISK 5,260m.

A total of 17 bids for ISK 3,700m were received in the series LBANK CB 23 at 4.69%-4.76% yield. All bids were accepted at 4.76% yield.  Following the tap issuance, the total amount issued in the series will be ISK 11,140m.

A total of 10 bids for ISK 1,560m were received in the series LBANK CBI 24 at 1.70%-1.81% yield. All bids were accepted at 1.81% yield. Following the tap issuance, the total amount issued in the series will be ISK 34,760m.

A total of 21 bids for ISK 3,820m were received in the series LBANK CBI 28 at 1.72%-1.80% yield. All bids were accepted at 1.80% yield. Following the tap issuance, the total amount issued in the series will be ISK 39,740m.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 23 May 2019. Arion banki, Islandsbanki and Kvika act as market makers for covered bonds issued by Landsbankinn.

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. 528/2008. Further information on the bonds and the cover pool is available on Landsbankinn‘s website, www.landsbankinn.is/covered-bonds.