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Published: 2022-09-13 18:24:23 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 two series were offered for sale

A total of 14 bids for ISK 1,460m were received in the series LBANK CB 25 at 6.65%-6.77% yield. Bids in the amount of ISK 860m were accepted in the series at 6.73% yield. Following the tap issuance, the total amount issued in the series will be ISK 53,660m.

A total of 4 bids for ISK 1,000m were received in the series LBANK CB 27 at 6.45%-6.51% yield. Bids in the amount of ISK 500m were accepted in the series at 6.47% yield.  Following the tap issuance, the total amount issued in the series will be ISK 10,940m.

Settlement date will be 20 September 2022.

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