Islandsbanki hf.: Concludes covered bond offering
February 21 2018 - 11:02AM
Íslandsbanki hf. has today concluded an offering
of covered bonds.
Total demand amounted to ISK 5,200m.
The CPI-linked issue ISLA CBI 24 was sold for an
amount of ISK 2,220m at a yield of 2.52%. Total offers received
amounted to ISK 2,620m ranging from 2.45% - 2.54%. Following
the tap issuance, the total amount issued will be ISK 21,400m.
The CPI-linked issue ISLA CBI 30 was sold for an
amount of ISK 2,180m at a yield of 2.56%. Total offers received
amounted to ISK 2,580m ranging from 2.49% - 2.58%. Following
the tap issuance, the total amount issued will be ISK 18,960m.
Trading is expected to commence on
28 February 2018 on Nasdaq Iceland.
The total nominal amount of outstanding covered
bonds issued by Íslandsbanki will be to ISK 112,660m after the
auction.
For further information:
Investor Relations - Gunnar
S. Magnússon, ir@islandsbanki.is and tel: +354 440
4665.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Islandsbanki hf. via Globenewswire