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Islandsbanki hf.: Conclusion of covered bond offering

Written by Customer Service on . Posted in Public Companies.

Íslandsbanki hf. has today concluded an offering of covered bonds.
Total demand amounted to ISK 2,900m.The non-index linked issue ISLA CB 21 was sold for an amount of ISK 500m at a yield of 2.94%. Total offers received amounted to ISK 500m ranging from 2.92% – 2.94%. Following the tap issuance, the total amount issued will be ISK 5,680m.The non-index linked issue ISLA CB 23 was sold for an amount of ISK 1,400m at a yield of 3.54%. Total offers received amounted to ISK 1.640m ranging from 3.50% – 3.56%.  Following the tap issuance, the total amount issued will be ISK 23,080m.The CPI-linked issue ISLA CBI 28 was sold for an amount of ISK 480m at a yield of 1.06%. Total offers received amounted to ISK 760m ranging from 1.00% – 1.08%.  Following the tap issuance, the total amount issued will be ISK 18,300m.Trading is expected to commence on 23 March 2020 on Nasdaq Iceland.For further information:  Investor Relations – ir@islandsbanki.is.Íslandsbanki press releases
If you wish to receive Íslandsbanki press releases by e-mail please register at:https://www.islandsbanki.is/en/landing/about/investor-relationsAbout Íslandsbanki
Íslandsbanki is a universal bank and a leader in financial services in Iceland. Building on over 140 years of servicing key industries, Íslandsbanki has developed specific expertise in tourism, seafood and energy related industries. Driven by the vision to be #1 for service, Íslandsbanki’s relationship banking business model is propelled by three business divisions that manage and build relationships with the Bank’ s customers. Íslandsbanki has developed a wide range of online services such as the Íslandsbanki and Kass apps, enabling customers to do their banking whenever and wherever. At the same time, the Bank continues to operate the most efficient branch network in Iceland through its strategically located 14 branches. Íslandsbanki has a BBB+/A-2 rating from S&P Global Ratings.www.islandsbanki.isDisclaimer
This press release may contain “forward-looking statements,” involving uncertainty and risks that could cause actual results to differ materially from results expressed or implied by the statements. Íslandsbanki hf. undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. It is the investor’s responsibility to not place undue reliance on these forward-looking statements which only reflect the date of this press release. Forward-looking statements should not be considered as guarantees or predictions of future events and all forward-looking statements are qualified in their entirety by this cautionary statement.

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