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.”
Vikubyrjun/Weekly bulletin - 14 January 2019 10:22 AM
A total of 2.3 million foreign passengers departed Iceland through Keflavík International Airport last year. Statistics Iceland published tourism short-term indicators and released revised numbers for trade in goods for the first 11 months of 2018 as well as preliminary numbers for December 2018. The real exchange rate of the Icelandic krona was 9.2% lower in December 2018 than in the same month 2017.
Vikubyrjun/Weekly bulletin - 07 January 2019 12:23 PM
Inflation accelerated in December. The YoY change in December is 3.7%, compared to 3.3% in November. The wage index increased by 0.15% between October and November.
News and Notifications - 28 December 2018 02:20 PM
Landsbankinn has published its schedule for market funding for the year 2019.
Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg. No. 471008-0280
Swift/BIC: NBIIISRE Rules Legal notice Personal Data Protection Policy