Source - GNW

Correction: Price in series LBANK 171211 corrected

Today Landsbankinn hf. concluded a closed auction of an existing series, LBANK 171110 and new series, LBANK 171211 and LBANK 180611.

In total, 25 bids were received in the auction for the total amount of ISK 4,980m.

A total of 7 bids for 800m were received in the series LBANK 171110 with bid rates at 4.90%-5.15%. No bids were accepted in the series.

A total of 13 bids for 2,920m were received in the series LBANK 171211 with bid rates at 4.90%-5.15%. Bids for 1,900m were accepted at a simple rate of 4.98%  equal to the price of 97.5442.

A total of 5 bids for 1,260m were received in the series LBANK 180611 with bid rates at 5.09%-5.20%. No bids were accepted in the series.

Application has been made for the bills to be admitted to trading on Nasdaq Iceland on 12 June 2017.

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




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Source: Landsbankinn hf. via Globenewswire