Bifogade filer
Íslandsbanki hf.: Conclusion of covered bond offering
Prenumeration
Beskrivning
| Land | Island |
|---|---|
| Lista | Large Cap Iceland |
| Sektor | Finans |
| Industri | Storbank |
The amount of ISB CBI 32 is corrected as is the amount of buybacks of ISB CBI 26
Íslandsbanki hf. has today concluded an offering of covered bonds. Total demand amounted to ISK 6,280m.
The non-index linked series ISB CB 31 was sold for an amount of ISK 1,720m at a yield of 7.66%. Total offers received amounted to ISK 3,820m at a yield ranging from 7.49% to 7.76%. The Bank is also issuing ISK 960m of the series for its own use.
The index linked series ISB CBI 32 was sold for an amount of ISK 1,940m at a yield of 3.77%. Total offers received amounted to ISK 2,460m at a yield ranging from 3.74% to 3.79%.
In connection with the auction, holders of the series ISB CBI 26 were offered to sell the covered bonds in the series against covered bonds bought in the above-mentioned auction at a predefined clean price of 98.94. The Bank buys back a nominal amount of ISK 1,560m in the series.
The bonds are expected to be admitted to trading on Nasdaq Iceland on 28 August 2025.
The transaction was managed by Íslandsbanki‘s Fixed Income Sales.