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2015-03-13 17:05:55 CET 2015-03-13 17:06:34 CET REGULATED INFORMATION Íslandsbanki hf. - Company AnnouncementIslandsbanki hf. : Covered bond tap issuesÍslandsbanki hf. has tapped into outstanding issues of covered bonds listed on Nasdaq Iceland. The non-indexed issue ISLA CB 19 was tapped for an amount of ISK 460,000,000 at a nominal yield of 6.64%, the CPI-linked issue ISLA CBI 20 was tapped for an amount of ISK 720,000,000 at a real yield of 3.20% and the CPI-linked issue ISLA CBI 24 was tapped for an amount of ISK 540,000,000 at a real yield of 3.20%. Following these latest issues, the total amount issued in ISLA CB 19 has reached ISK 1,86 bn and ISLA CBI 20 has reached ISK 2.82bn. The ISLA CBI 24 issue has a size limit of ISK 10 bn and following today's issue has reached ISK 9.94bn. Therefore, no further tap issues will be possible and a new similar issue is to be expected in the bank's next auction. In total, Íslandsbanki has now issued covered bonds amounting to ISK 33.81bn since its inaugural issue in December 2011. Total appetite for the tap issue amounted to ISK 2.41bn, of which 71% of the offers were accepted. Trading is expected to commence on 20 March 2015 on Nasdaq Iceland. Market making for all of Íslandsbanki's covered bond issues is in the hands of MP bank. For further information: * Investor Relations - Guðbjörg Birna Björnsdóttir, ir@islandsbanki.is and tel: +354 440 4752. * Media Relations - Guðný Helga Herbertsdóttir, pr@islandsbanki.is and tel: +354 844 3678. [HUG#1903521] |
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