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Landsbankinn‘s Updated Funding Plan for 2017

Landsbankinn has published its updated schedule for market funding for the year 2017.

Covered bond auctions are scheduled to be held once a month and will be announced via the NASDAQ Iceland news system no later than the last business day preceding the intended auction. The bank intends to issue covered bonds in the amount of ISK 35-40bn in 2017.

Auctions of commercial paper (CP) are scheduled to be held once a month. New series will be offered for sale in addition to existing series. Total issuance of CP will depend on market conditions.

In addition to refinancing the remainder of secured liabilities in foreign currency, other domestic funding opportunities will be reviewed with the aim of diversifying the funding base.

Landsbankinn reserves the right to make changes to the funding plan for 2017 at its own discretion without prior notice.

Further information on the updated funding plan

 

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