Landsbankinn hf.: Offering of Tier 2 subordinated bonds

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Landsbankinn will offer ISK subordinated bonds for sale via auction held on Thursday 29 February at 15:00.

The aim is to offer for sale two series of subordinated bonds, a non-indexed and an inflation-linked. The bonds have fixed interest rate payable annually.

The bonds will count towards Tier 2 capital, with a tenor of 11 years with an issuer call option after six years and on each subsequent interest payment date thereafter (11NC6).

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Further information regarding the offering process will be published on Tuesday 27 February. Expected settlement date is 7 March 2023.

The offering is not intended for retail investors.

Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email [email protected].

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