Íslandsbanki hf. - Other information disclosed according to the rules of the Exchange

Islandsbanki hf.: Concludes covered bond offering

Íslandsbanki hf. has today concluded an offering of covered bonds.

Total demand amounted to ISK 2,800m.

The CPI-linked issue ISLA CBI 24 was sold for an amount of ISK 1,680m at a yield
of 2.64%. Total offers received amounted to ISK 1,680m ranging from 2.57% -
2.64%. Following the tap issuance, the total amount issued will be ISK 17,900m.

The CPI-linked issue ISLA CBI 30 was sold for an amount of ISK 920m at a yield
of 2.50%. Total offers received amounted to ISK 1,120m ranging from 2.43% -
2.51%. Following the tap issuance, the total amount issued will be ISK 14,980m.

Trading is expected to commence on 28 November 2017 on Nasdaq Iceland.

So  far this  year Íslandsbanki  has issued  covered bonds  in the amount of ISK
40,480m. The  total  nominal  amount  of  outstanding  covered  bonds  issued by
Íslandsbanki will be to ISK 105,180m after the auction.

For further information:

  * Investor Relations - Gunnar S. Magnússon, ir@islandsbanki.is og í síma
    440 4665.


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