Today Landsbankinn hf. concluded a closed auction of three series; LBANK 180910, LBANK 181010 and LBANK 190410.

In total, 26 bids were received in the auction for the total amount of ISK 5,080m.

A total of 8 bids for 1,420m were received in the series LBANK 180910 with bid rates at 4.25%-4.35%. Bids for 720m were accepted at a simple rate of 4.33% equal to the price of 98.1930.

A total of 16 bids for 3,520m were received in the series LBANK 181010 with bid rates at 4.25%-4.39%. Bids for 2,220m were accepted at a simple rate of 4.34% equal to the price of 97.8415.

A total of 2 bids for 140m were received in the series LBANK 190410 with bid rates at 4.55%-4.60%.  No bids were accepted in the series.

Application has been made for the bills to be admitted to trading on Nasdaq Iceland on 10 April 2018.

Further information on the commercial paper is available on Landsbankinn's website, www.landsbankinn.com/bills.