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Landsbankinn issues senior unsecured bonds for NOK 1,000m and SEK 500m

On the back of solid financial results for 2018, Landsbankinn hf. has today concluded the sale of senior unsecured floating rate bonds with a maturity of three years in the amount of NOK 1,000m and SEK 500m. The bonds are expected to be rated BBB+ by S&P Global Ratings.

The bonds were priced at a spread of 175 basis points above 3 month STIBOR and 3 month NIBOR. The combined orderbook was in excess of NOK 1.8bn.

The bonds will be issued under the bank’s EMTN programme and are scheduled to be admitted to trading on Euronext Dublin on 21 February 2019.

Joint lead managers on the transaction were Nordea and Swedbank.

 

 

Weekly bulletin - 16 September 2019 08:39 AM

Icelandic Economic Weekly: Monday 16 September 2019

The CBI released the minutes from the last meeting of the MPC. The Government Debt Management Agency published its monthly Market Information report. Registered unemployment was 3.5% in August compared with 2.5% August 2018.


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Weekly bulletin - 09 September 2019 08:59 AM

Icelandic Economic Weekly: Monday 9 September 2019

Statistics Iceland corrected earlier published national accounts for Q2. The CBI published the balance of payment and net external position. After appreciating in the second half of July, the króna depreciated in August and the first days of September.


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News and Notifications - 05 September 2019 01:15 PM

Overview of the Icelandic FX market

After appreciating in the second half of July, the króna depreciated in August and the first days of September. Turnover in the foreign exchange market in August was similar to that in July. The CBI did not intervene in the market in August.


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