Íslandsbanki hf.: Upcoming covered bond auction 27 September
Íslandsbanki hf.: Upcoming covered bond auction 27 September
Íslandsbanki hf. will be holding an auction on covered bonds on Wednesday 27 September 2023.
The series ISB CBF 27 and ISB CBI 29 will be offered to investors.
In connection with the auction, a covered bond exchange offering will take place, where holders of the series ISB CB 23 and ISB CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price for the bonds is predefined at 99.8118 (yield 9.65%) for ISB CB 23 and at 99.5810 (yield 4.50%) for ISB CBI 24.
The Bank reserves the right to accept or reject offers in part or in whole.
Expected settlement date is 4 October 2023.
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 27 September 2023.