S&P assigns cred­it rat­ing to Lands­bank­inn’s co­v­ered bonds

S&P Global Ratings has today assigned a credit rating for covered bonds issued by Landsbankinn at A- with stable outlook.
14 January 2021 - Landsbankinn

The credit rating for covered bonds issued by Landsbankinn is two notches above Landsbankinn’s issuer credit rating, which is BBB with a stable outlook.

S&P´s credit rating is based i.a. on the strong legal framework regarding covered bond issuance in Iceland.

Lilja Björk Einarsdóttir, CEO of Landsbankinn, says: “We are very pleased with the result and the credit rating further supports covered bonds as an investment opportunity. Covered bond issuance has become an important part of the funding structure as Landsbankinn has been steadily increasing market share in mortgage lending. The favourable credit rating reflects solid operations of Landsbankinn as well as the strong legal framework regarding covered bond issuance.”

Credit ratings

You may also be interested in
New temp image
18 Feb. 2021

Landsbankinn issues green euro-denominated bonds

Today, Landsbankinn concluded the sale of a new green bond series in the amount of EUR 300 million. The bonds bear 0.375% fixed rates and were sold at terms equivalent to an 87 basis points spread above mid-swap market rates. Subscriptions came to just under one billion euro from more than 80 investors.
11 Feb. 2021

Financial results of Landsbankinn for 2020

The profit of Landsbankinn hf. in 2020 was ISK 10.5 billion after taxes, as compared with ISK 18.2 billion in 2019. After-tax ROE was 4.3% in 2020, as compared with 7.5% in 2019.
Ungt fólk spilar á hljóðfæri
10 Feb. 2021

Publication of Landsbankinn’s 2020 Annual and ESG report

Landsbankinn's Annual and ESG Report for 2020 has been published to the Bank's website. The report presents the Bank’s operation and services in 2020 in an accessible manner.
New temp image
3 May 2018

Financial results of Landsbankinn for Q1 2018

In the first three months of 2018, Landsbankinn’s net after-tax profit was ISK 8.1 billion. Profit for the same period of 2017 amounted to ISK 7.6 billion. Return on equity (ROE) in Q1 was 13.7% compared to 12.5% during the same period of 2017.

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