Íslandsbanki hf. has today concluded an offering of covered bonds. Total demand amounted to ISK 8,360m.
The index linked series ISB CBI 29 was sold for an amount of ISK 940m at a yield of 3.74%. Total offers received amounted to ISK 7,060m at a yield ranging from 3.73% to 3.87%. The Bank is also issuing ISK 10,000m of the series for its own use.
The non-index linked series ISB CBF 27 was sold for an amount of ISK 920m at 1-month REIBOR + 0.25%. Total offers received amounted to ISK 1,300m at REIBOR + 0.24% to REIBOR + 0.40%. The Bank is selling previously issued own bonds.