In­augural su­bord­ina­ted issu­ance in ISK

Landsbankinn has issued ISK-denominated subordinated bonds in the amount of ISK 5.5 billion. The issuance falls under the Bank’s ISK 50 bn debt issuance programme.
5 February 2020 - Landsbankinn

Landsbankinn has concluded an issue of subordinated bonds in Icelandic króna in the amount of ISK 5.5 billion. The issuance falls under the Bank’s ISK 50 bn debt issuance programme. The bonds are inflation-linked and with a 10NC5 structure. The bond issuance was the Bank’s inaugural ISK-denominated subordinated bond issuance.

26 offers were received in the total amount of ISK 8,860 million, nominal value. Five offers in the amount of ISK 900 million nominal value were submitted for the non-indexed class LBANK T2 29 at a yield of 6.60%-6.90%. No bids were accepted. 21 offers in the amount of ISK 7,660 million nominal value were submitted for the indexed class LBANK T2I 29 at a yield of 3.69%-4.00%. Bids totalling ISK 5,520 million were accepted at a yield of 3.85%.

You may also be interested in
New temp image
8 June 2021

Beware smishing attempts

This is to warn against smishing attempts sent in Landsbankinn’s name.
New temp image
7 June 2021

ISK appreciated in May

The Icelandic króna appreciated against the currencies of our main trading partners in May and has not been that strong since Mars 2020. Turnover in the interbank foreign exchange market was ISK 35.5bn in May. The CBI's share of this was ISK 2.1 bn, or 5.8% of total turnover.
New temp image
7 June 2021

Icelandic Economic Weekly: 7 June 2021

GDP decreased by 1.7% YoY in Q1.
2 June 2021

New investment fund, emphasising sustainability

Eignadreifing sjálfbær is a new investment fund of Landsbréf, a subsidiary of Landsbankinn. The fund's objective is to achieve a good rate of return and risk diversification, guided by sustainability.
New temp image
31 May 2021

Ceases employment at Landsbankinn 

Perla Ösp Ásgeirsdóttir, Managing Director of Risk Management at Landsbankinn, has resigned her position with the Bank and ceased employment.  
New temp image
31 May 2021

Icelandic Economic Weekly: 31 May 2021

The annual rate of inflation decreased from 4.6% to 4.4% in May.
New temp image
31 May 2021

Landsbankinn changes interest rates - fixed rates on housing mortgages unchanged

Variable interest rates on non-indexed housing mortgages increase by 0.15 percentage points (pp). Fixed rates on non-indexed housing mortgages are unchanged. Interest rates on inflation-indexed housing mortgages, both variable and fixed, are also unchanged. 
New temp image
25 May 2021

Landsbankinn partners with Goldman Sachs

Landsbankinn's Asset Management has partnered with international investment bank Goldman Sachs. As a result, Landsbankinn’s customers can now invest in investment funds offered by Goldman Sachs Asset Management.
New temp image
25 May 2021

Icelandic Economic Weekly: 25 May 2021

Last week, Landsbankinn Economic Research published an economic forecast for 2021-2023.
25 May 2021

Landsbankinn receives top marks from Sustainalytics

Landsbankinn achieved its best rating yet in a new ESG risk rating from Sustainalytics and now ranks no. 1 of the 423 banks the company assesses in Europe.
Cookies

By clicking "Allow All", you agree to the use of cookies to enhance website functionality, analyse website usage and assist with marketing.

More on cookies