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Today, Landsbankinn concluded a covered bond auction where the series LBANK CB 27 was offered for sale.
A total of 9 bids for ISK 2,840m were received at 7.77%-7.89% yield. Bids in the amount of ISK 2,640m were accepted in the series at a 7.83% yield. Following the tap issuance, the total amount issued in the series will be ISK 22,500m.
Settlement date will be 25 April 2023.
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Arion banki, Islandsbanki and Kvika act as market makers for covered bonds issued by Landsbankinn. Covered bonds issued by Landsbankinn are rated A with stable outlook by S&P Global Ratings.
The covered bonds are issued in accordance with a license from the Financial Supervisory Authority (FME), with reference to act. no. 11/2008 and FME‘s rules no. 528/2008. Further information on the bonds and the cover pool is available on Landsbankinn‘s website, Landsbankinn’s funding – Landsbankinn.is.
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