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 - 17 April 2019 03:50 PM
Landsbankinn’s branches and service centres will as usual be closed over the Easter holidays and open again on Tuesday, 23 April. Information about stand-by service for Landsbankinn’s card holders (Visa), travel insurance and SOS emergency assistance is available on the Bank’s website. We remind card holders to notify immediately of lost or stolen cards.
News and Notifications - 17 April 2019 09:52 AM
The Centre of Corporate Governance (CCG) has renewed its recognition of Landsbankinn as a model of corporate governance. The award is organised by the Iceland Chamber of Commerce, Nasdaq OMX Iceland, the Confederation of Icelandic Employers and the CCG at the University of Iceland.
Weekly bulletin - 15 April 2019 10:46 AM
The real exchange rate of the Icelandic króna in March 2019 decreased by 9.8% YoY. Icelandair published traffic data for March. The Government Debt Management Agency published its monthly Market Information report.
Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg. No. 471008-0280
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