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2013-09-05 19:05:51 CEST 2013-09-05 19:06:20 CEST REGULATED INFORMATION Íslandsbanki hf. - Company AnnouncementIslandsbanki hf. : Covered bond tap issuancesÍslandsbanki hf. has tapped into outstanding issuances of covered bonds listed on NASDAQ OMX Iceland. The CPI linked seven year issuance, ISLA CBI 19, was tapped for an amount of ISK 1.46bn at a real yield of 2.40% and the CPI linked twelve year issuance, ISLA CBI 24, was tapped for an amount of ISK 1.63bn at a real yield of 2.75% Following this latest issuance, the total amount issued in ISLA CBI 19 has reached ISK 6,03bn and ISLA CBI 24 has reached ISK 8.09bn. In total, Íslandsbanki has now issued covered bonds amounting to ISK 20.64bn since its inaugural issuance in December 2011. Sold to a broad group of investors, total appetite for the tap issuance amounted to ISK 3.84bn, of which 80% of the offers were accepted. Trading is expected to commence on 12 September 2013 on the NASDAQ OMX Iceland. Market making for all of Íslandsbanki's covered bond issues is in the hands of MP bank. The bonds are issued under Act 11/ 2008 on Covered Bonds which obliges the issuer to fulfil strict requirements, whereby the underlying cover pool must withstand a weekly stress test with regards to interest rates and exchange rates. The issuances are regulated by the Icelandic Financial Supervisory Authority which additionally appoints an independent inspector to monitor the issuances. Special cover pool reports on the covered bond issuances are published quarterly and can be found on Íslandsbanki's web. For further information: Investor Relations - Tinna Molphy, tinna.molphy@islandsbanki.is and tel: +354 440 3187. Media Relations - Dögg Hjaltalín, dogg.hjaltalin@islandsbanki.is and tel: +354 440 3925. [HUG#1727590] |
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