Source - GNW

Íslandsbanki hf. has today concluded an offering of covered bonds.

The non-indexed issue ISLA CB 19 was sold for an amount of ISK 340m at a yield of 5.70%.  

The CPI-linked issue ISLA CBI 26 was sold for an amount of ISK 1,140m at a yield of 3.13%.  

Total demand amounted to ISK 1,480m.

Trading is expected to commence on 24 October 2016 on Nasdaq Iceland.

So far this year Íslandsbanki has issued covered bonds in the amount of ISK 13,720m. The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be ISK 62,420m.

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Source: Islandsbanki hf. via Globenewswire