Íslandsbanki hf. has today concluded an offering of covered bonds. Total demand amounted to ISK 6,600m.
The index linked series ISB CBI 29 was sold for an amount of ISK 3,680m at a yield of 2.72%. Total offers received amounted to ISK 5,280m with a yield ranging from 2.59% - 2.79%. The Bank is also issuing ISK 960m of the series for its own use.
The non-index linked series ISB CBF 27 was sold for an amount of ISK 1.120m at 1-month REIBOR + 0.50%. Total offers received amounted to ISK 1,320m. The Bank is selling previously issued own bonds.
In connection with the auction, holders of the series ISB CB 23 were offered to sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the series ISB CB 23 was predefined at 99.19. The Bank buys back a nominal amount of ISK 1,340m in the series.