Source - GNW

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

Total demand amounted to ISK 3,060m.

The CPI-linked issue ISLA CBI 22 was sold for an amount of ISK 400m at a yield of 3.14%. Total offers received amounted to ISK 900m ranging from 3.14% - 3.18%. Following the tap issuance, the total amount issued will be ISK 17,740m.

The new CPI-linked issue ISLA CBI 30 was sold for an amount of ISK 1,720m at a yield of 2.72%. Total offers received amounted to ISK 2,160m ranging from 2.68% - 2.73%.  Following the tap issuance, the total amount issued will be ISK 9,040m.

Trading is expected to commence on 20 June 2017 on Nasdaq Iceland.

So far this year Íslandsbanki has issued covered bonds in the amount of ISK 30,640m. The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 95,340m after the auction.

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Source: Islandsbanki hf. via Globenewswire