Today, Landsbankinn concluded a private placement of a non-indexed series listed on Nasdaq Iceland, LBANK CB 19. In total, bids were received for the amount of ISK 2,140m and bids were accepted for ISK 2,000m at a yield of 6.66%. Landsbankinn has previously issued ISK 7,280m in the same series and the size of the series will be ISK 9,280m following this tap issuance.
The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 2 February 2016 with Kvika acting as market maker.
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, www.landsbankinn.is/covered-bonds.