Bifogade filer
Íslandsbanki hf.: Conclusion of covered bond offering
Prenumeration
Beskrivning
| Land | Island |
|---|---|
| Lista | Large Cap Iceland |
| Sektor | Finans |
| Industri | Storbank |
Íslandsbanki hf. has today concluded an offering of covered bonds. Total demand amounted to ISK 4,720m.
The index linked series ISB CBI 29 was sold for an amount of ISK 2,380m at a yield of 3.91%. Total offers received amounted to ISK 4,460m at a yield ranging from 3.88% to 3,95%.
The non-index linked series ISB CBF 27 was sold for an amount of ISK 220m at 1-month REIBOR + 0.40%. Total offers received amounted to ISK 260m at REIBOR + 0.4% to REIBOR + 0.438%. The Bank is selling previously issued own bonds.
In connection with the auction, holders of the series ISB CB 23 and ISB CBI 24 were offered to sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price for the bonds was predefined at 99.8118 (yield 9.65%) for ISB CB 23 and at 99.5810 (yield 4.50%) for ISB CBI 24. The Bank buys back a nominal amount of ISK 280m in ISB CB 23 and ISK 1,210m in ISB CBI 24.