20. February 2020 - News and Notifications
Municipality Credit Iceland (MCI) finalised a private placement of new green bonds class LSS040440 GB on 19 February 2020. Landsbankinn Capital Markets coordinated the sale.
LSS040440 GB is an indexed 20Y series, with equal instalments and interest payments at six-month intervals and 1.50% fixed annual rates.
The placement had a Dutch auction structure, whereby all accepted bids are offered investors at the highest price for each class.
A total of 32 bids were submitted for LSS040440 GB in the nominal value of ISK 3,990 million at a yield of 1.30% - 1.69%. Bids totalling ISK 1,100 million were accepted at a yield of 1.35%. The nominal value of the class will be ISK 1,100 million following issuance.
The proceeds from the bond offering will go towards financing environmentally-friendly municipality undertakings that minimise climate change.
Payment and settlement is scheduled for 26 February 2020. The issuer will apply for admittance of the bonds for trading on the Nasdaq Iceland Sustainable Bond market the same day.
Umræðan: Green bond financing for municipalities (icelandic)
Forsíða - 30 July 2020 04:05 PM
Landsbankinn's after-tax performance was negative by ISK 3.3 billion during the first half of 2020, compared with a profit of ISK 11.1 billion during the same period in 2019. Loan impairment amounted to ISK 13.4 billion during the period, equal to about 1.1% of the bank‘s loan portfolio, compared with an impairment of ISK 2.4 billion in the same period last year.
Weekly bulletin - 27 July 2020 08:57 AM
The CPI based on prices in mid-July increased 0.15% between months. Arion Bank published preliminary financial results for Q2. Icelandair Group also published preliminary financial results for Q2. The CBI release the minutes of the Financial Stability Committee meeting in June.
Forsíða - 24 July 2020 01:50 PM
The international business and finance magazine Euromoney has chosen Landsbankinn as the best bank in Iceland, and this is the second year in a row that the bank receives this recognition.
Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg. No. 471008-0280
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