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Landsbankinn hf.: Covered bond offering results

Today, Landsbankinn concluded a covered bond auction where two series were offered for sale

A total of 15 bids for ISK 2,000m were received in the series LBANK CB 25 at 7.06%-7.15% yield. Bids in the amount of ISK 400m were accepted in the series at 7.06% yield. Following the tap issuance, the total amount issued in the series will be ISK 54,560m.

A total of 10 bids for ISK 1,820m were received in the series LBANK CB 27 at 7.02%-7.12% yield. Bids in the amount of ISK 1.380m were accepted in the series at 7.06% yield.  Following the tap issuance, the total amount issued in the series will be ISK 12,840m.

Settlement date will be 24 November 2022.

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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.