Íslandsbanki hf.: Upcoming covered bond auction 26 May
2025-05-23 11:24:00
Íslandsbanki will offer covered bonds in a new series, ISB CB 31, on Monday, 26 May 2025.
ISB CB 31 is a new bond with a fixed rate annual coupon. The final maturity date is 3 June 2031.
The bonds will be offered in a single-price auction, where all accepted offers will be awarded at the highest accepted yield. Íslandsbanki reserves the right to accept or reject offers in part or in whole.
Expected settlement date is 3. June 2025.
The covered bonds will be issued under the Bank’s covered bond programme. The Base Prospectus is available here: Covered bonds programme.
The auction will be managed by Íslandsbanki’s Fixed Income Sales. Offers shall be submitted by e-mail to vbm@isb.is before 16:00 p.m. on 26 May 2025.