Today, Landsbankinn concluded a covered bond auction where a non-indexed series was offered for sale, LBANK CB 32.
A total of 13 bids for ISK 3,220m were received in the series LBANK CB 32 at 7.60%-7.67% yield. Bids in the amount of ISK 2,620m were accepted in the series at 7.63% yield. Following the tap issuance, the total amount issued in the series will be ISK 7,940m, thereof 6,980m outstanding and 960m retained.
Expected settlement date is 8 July 2026.
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. 190/2023. Further information on the bonds and the cover pool is available on Landsbankinn‘s website, .
This announcement is released by Landsbankinn hf. and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (“MAR”).For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Hreiðar Bjarnason, Chief Financial Officer for Landsbankinn hf.