Íslandsbanki hf. has today concluded an offering of covered bonds.

Total demand amounted to ISK 5,200m.

The CPI-linked issue ISLA CBI 24 was sold for an amount of ISK 2,220m at a yield of 2.52%. Total offers received amounted to ISK 2,620m ranging from 2.45% - 2.54%.  Following the tap issuance, the total amount issued will be ISK 21,400m.

The CPI-linked issue ISLA CBI 30 was sold for an amount of ISK 2,180m at a yield of 2.56%. Total offers received amounted to ISK 2,580m ranging from 2.49% - 2.58%.  Following the tap issuance, the total amount issued will be ISK 18,960m.

Trading is expected to commence on 28 February 2018 on Nasdaq Iceland.

The total nominal amount of outstanding covered bonds issued by Íslandsbanki will be to ISK 112,660m after the auction.

For further information:

Investor Relations - Gunnar S. Magnússon, ir@islandsbanki.is and tel: +354 440 4665.




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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Islandsbanki hf. via Globenewswire