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Lands­bank­inn issu­es bonds in SEK and NOK

12 January 2022 - Landsbankinn

Landsbankinn hf. has today concluded the sale of floating rate bonds with a maturity of 3 years in the amount of SEK 850m and NOK 500m. The bonds were priced at a spread of 80bp over 3-month STIBOR and 79bp over 3-month NIBOR. In addition, the bank sold bonds with a maturity of 2 years in the amount of SEK 850m at a spread of 65bp over 3-month STIBOR. The bonds are expected to be rated BBB by S&P Global Ratings.

The bonds will be issued under the bank’s EMTN programme and the 3-year bonds are expected to be admitted to trading on Euronext Dublin on 20 January 2022 and the 2-year bonds on 19 January 2022.

Dealers on the transaction were Nordea, SEB and Swedbank.

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