30. August 2018 - News and Notifications
Landsbankinn hf. has today concluded the sale of its inaugural Tier 2 issuance. The EUR 100 million 10NC5 structure is callable in September 2023 with a final maturity in September 2028. The issuance is expected to be rated BBB- by S&P Global Ratings.p>The bonds were priced at a spread of 285 basis points above the EUR mid-swap market rate, with a coupon of 3.125%. The total demand was EUR 160 million from investors mainly from Scandinavia, Continental Europe and the UK.
The bonds will be issued under the bank’s EMTN programme and are scheduled to be admitted to trading on the Irish Stock Exchange on 6 September 2018.
Joint lead managers on the transaction were Citigroup and J.P. Morgan.
Lilja Einarsdóttir, Landsbankinn’s CEO:
“Landsbankinn is pleased to have reached the milestone of finalising its inaugural sale of a Tier 2 issuance in euros. Investors were very receptive which illustrates the growing trust the bank enjoys on international capital markets. The issuance is a step towards further optimising the bank’s capital structure, supporting long-term return-on-equity targets.”
News and Notifications - 15 November 2018 09:15 AM
Today, Landsbankinn has raised non-indexed deposit and lending rates by 0.10-0.25 percentage points and lowered variable indexed deposit and lending rates by 0.10 percentage points. Rates on domestic foreign currency accounts have also been increased.
Vikubyrjun/Weekly bulletin - 12 November 2018 10:53 AM
The MPC raised policy rates by 0.25 percentage points. Concurrent with the policy rate decision, the CBI released its quarterly Monetary Bulletin. Icelandair Group acquired WOW air. Íslandsbanki released results for the first 9 months of the year.
News and Notifications - 07 November 2018 09:12 AM
Samúel Guðmundsson has resigned from the Board of Directors of Landsbankinn. Samúel was elected as alternate to the Board of Directors in April 2016 and became a regular member in March 2018.
Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg.no. 471008-0280
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