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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.

 

 

News and Notifications - 21 August 2019 10:29 AM

Changes to tariff for Priority Pass

The fee for visiting Priority Pass airport lounges will increase from ISK 2900 to ISK 3900 as of 21. October 2019. At the same time, a fee of ISK 1900 will be charged on the re-issuance of Priority Pass cards.


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Weekly bulletin - 19 August 2019 09:45 AM

Icelandic Economic Weekly: Monday 19 August 2019

Registered unemployment was 3.4% in June. Arion Research published an updated economic forecast.


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Weekly bulletin - 12 August 2019 10:10 AM

Icelandic Economic Weekly: Monday 12 August 2019

Some 231,000 foreign visitors travelled through Keflavík International Airport in July, a YOY decrease of 17.0%. The Icelandic króna appreciated in the second half of July. The Government Debt Management Agency published its monthly Market Information report.


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