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Landsbankinn announces tender offer results

Landsbankinn hf. announced today the results of a tender offer announced on 20 November 2017 where holders of its EUR 300,000,000 3.00 per cent. notes due 2018 (ISIN: XS1308312658) were invited to tender their notes for purchase by the bank against a cash payment. The tender offer was subject to the terms and conditions outlined in the tender offer memorandum dated 20 November 2017.

The bank received valid tenders of EUR 199,620,000 and offers in the amount of EUR 150,000,000 were accepted with a pro rata scaling factor of 75.6770%.

Further information on the tender offer results is available in the announcement made public on the Irish Stock Exchange (www.ise.ie) where the bonds are listed.

News and Notifications - 09 July 2018 10:25 AM

Icelandic Economic Weekly: Monday 9 July 2018

According to preliminary figures the deficit on trade in goods was ISK 20.9bn. The CBI released its quarterly Economic Indicators.


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Vikubyrjun/Weekly bulletin - 02 July 2018 11:52 AM

Icelandic Economic Weekly: Monday 2 July 2018

The CPI based on prices in mid-June rose 0.62% MoM, well above expectations. The CBI released the minutes of the last meeting of the MPC.


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Hagsjá/Economic Forecast - 27 June 2018 01:13 PM

Overview of the Icelandic FX market

After floating between 121-125 for most of this year, the EUR/ISK rate rose temporarily above 125 a week ago. At closing yesterday a EUR cost ISK 124.9. FX market turnover in May was only ISK 7.4 billion, compared to ISK 30.3 billion in the same month last year. Turnover during the first 5 months of this year has fallen by 80% YoY.


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