News

Municipality Credit Iceland issues green bonds

Municipality Credit Iceland (MCI) finalised a private placement of new green bonds class LSS040440 GB on 19 February 2020. Landsbankinn Capital Markets coordinated the sale.

20 February 2020

Municipality Credit Iceland (MCI) finalised a private placement of new green bonds class LSS040440 GB on 19 February 2020. Landsbankinn Capital Markets coordinated the sale.

LSS040440 GB is an indexed 20Y series, with equal instalments and interest payments at six-month intervals and 1.50% fixed annual rates.

The placement had a Dutch auction structure, whereby all accepted bids are offered investors at the highest price for each class.

A total of 32 bids were submitted for LSS040440 GB in the nominal value of ISK 3,990 million at a yield of 1.30% - 1.69%. Bids totalling ISK 1,100 million were accepted at a yield of 1.35%. The nominal value of the class will be ISK 1,100 million following issuance.

The proceeds from the bond offering will go towards financing environmentally-friendly municipality undertakings that minimise climate change.

Payment and settlement is scheduled for 26 February 2020. The issuer will apply for admittance of the bonds for trading on the Nasdaq Iceland Sustainable Bond market the same day.

Umræðan: Green bond financing for municipalities (icelandic)

You may also be interested in

Höfuðstöðvar Landsbankans í Austurstræti

22 Sept. 2023

Last day in Austurstræti

Today is the last day the Landsbankinn branch in Austurstræti 11 is open and the doors close at 16:00. All activities move to the Bank’s new branch in Reykjastræti 6, which is already open.

21 Sept. 2023

Reception of Danish bank notes

Customers can buy Danish bank notes in Landsbankinn branches and ATMs throughout Iceland. We would like to advise customers that the Bank no longer accepts DKK 1,000 and 500 bills, nor any Faroe Islands króna bills. There are no changes to transactions in DKK 200, 100 and 50 bills. Cash transactions comply with the Act on Actions to Combat Money Laundering and Terrorist Financing. Tighter rules in Denmark limit the reception of bank notes by foreign banks and Landsbankinn is as a result no longer able to accept DKK 1,000 and 500 bills.

21 Sept. 2023

Landsbankinn Corporate Finance co-ordinated uplisting of Amaroq to the Nasdaq Iceland Main

Amaroq Minerals, under the ticker AMRQ, has now been listed on the Main Market of Nasdaq Iceland. In addition to listing on the Nasdaq Iceland Main Market, Amaroq’s shares are listed on stock exchanges in Canada (TSX-V) and London (AIM). Alongside uplisting to the Main Market of Nasdaq Iceland, Amaroq has been delisted from First North Iceland. Amaroq Minerals is the first listed mining company in Iceland. The company holds a significant licence portfolio in Greenland and is engaged in the identification, acquisition, exploration and development of gold properties and other strategic mineral assets, pivotal to the energy transition. Landsbankinn Corporate Finance co-ordinated the listing process. We congratulate the staff and shareholders of Amaroq on the successful transfer of the company’s listing.

14 Sept. 2023

Updates to the RSA app - new name and icon

We’d like to call your attention to changes to the RSA SecurID app used for secure login and payments in corporate online banking.

13 Sept. 2023

Branch opening in Reykjastræti

The branch at our new headquarters in Reykjastræti 6 opens today. Cashier services are available from 10:00-16:00 and ATMs and other self-service equipment is accessible around the clock.

12 Sept. 2023

Sunna Ósk Friðbertsdóttir new Landsbankinn Compliance Officer

Sunna Ósk Friðbertsdóttir has taken up the position of Compliance Officer at Landsbankinn. Sunna completed a BA degree in law from Reykjavík University in 2008 and an ML degree from the same institution in 2010. She is a licensed securities broker and a recognised District Court Attorney. Sunna came to work for Landsbankinn as a lawyer in 2012 and has had various responsibilities, both in implementing legal requirements and related to daily operations. She has worked in Compliance since 2017 and been Deputy Compliance Officer since 2022. Compliance supervises and monitors Landsbankinn’s compliance with internal and external rules and advises and educates on legal and regulatory demands relevant to the Bank’s operation.

31 August 2023

Landsbankinn changes interest rates

In light of the recent interest rate decision of the Central Bank of Iceland, the following changes will be made to Landsbankinn’s interest rates. Interest rate changes also have regard for market rates and other funding terms of Landsbankinn.

31 August 2023

Beware of fake text messages - do not open the link

This is a warning concerning a fake website made to look like that of Auðkenni and which includes a fraudulent connection to Landsbankinn.

23 August 2023

Shorter opening hours in 7 branches - service hours remain unchanged

On 13 September, the opening hours of seven branches will be shortened by three hours and will as a result be 12:00-15:00. While general opening hours will be shorter, customers can still make appointments to visit these branches between 10:00-16:00 and book remote meetings until 18:00, meaning that actual service hours remain unchanged. ATMs are accessible around the clock in all these locations.

18 August 2023

Cyclical– art exhibition opens in Austurstræti 11 on Reykjavík Culture Night

A new exhibition of art from Landsbankinn's collection will be opened in the event of Reykjavík Culture Night in the Bank’s branch at Austurstræti 11. The exhibition is titled Cyclical and is curated by Daría Sól Andrews.

Mu­ni­cip­al­ity Cred­it Ice­land is­sues green bonds

Municipality Credit Iceland issues green bonds