Íslandsbanki hf. has today concluded an offering of covered bonds.
Total demand amounted to ISK 1,920m.
The CPI-linked issue ISLA CBI 24 was sold for an amount of ISK 1,220m at a yield of 2.64%. Total offers received amounted to ISK 1,320m ranging from 2.63% - 2.66%. Following the tap issuance, the total amount issued will be ISK 15,220m.
The CPI-linked issue ISLA CBI 30 was sold for an amount of ISK 420m at a yield of 2.59%. Total offers received amounted to ISK 600m ranging from 2.59% - 2.60%. Following the tap issuance, the total amount issued will be ISK 9,660m.
Trading is expected to commence on 29 August 2017 on Nasdaq Iceland.
So far this year Íslandsbanki has issued covered bonds in the amount of ISK 32,480m. The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 97,180m after the auction.
For further information:
- Investor Relations - Tinna Molphy, ir@islandsbanki.is and tel: +354 440 3187.
- Public Relations - Edda Hermannsdóttir, pr@islandsbanki.is and tel: +354 440 4005.