News

- News and Notifications

Tender offer

Today, Landsbankinn hf. announced a tender offer to holders of its EUR 500,000,000 1.625 per cent. notes due 2021 (ISIN: XS1490640288) where the aforementioned notes will be offered for purchase by the Bank against cash payment. The tender offer is subject to the terms and conditions outlined in the tender offer memorandum dated 11 February 2020, including the outcome of the Bank’s intended new issuance. The tender offer is made at a fixed price determined by a -0.20% yield and is capped by the maximum acceptance nominal amount of EUR 300,000,000.

Further information on the tender offer is available in the announcement made public on the Irish Stock Exchange where the bonds are listed. Subject to certain distribution restrictions, a tender offer memorandum can be obtained from the tender agent: Lucid Issuer Services Limited, landsbankinn@lucid-is.com.

Dealer managers are Barclays, BofA Securities and J.P. Morgan.

Forsíða - 30 July 2020 04:05 PM

Financial results of Landsbankinn in H1 of 2020

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.


More

Forsíða - 24 July 2020 01:50 PM

Landsbankinn is the best bank in Iceland in the assessment of Euromoney

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.


More

News and Notifications - 07 May 2020 04:55 PM

Financial results of Landsbankinn for the first three months of 2020

In the first three months of 2020, Landsbankinn's after-tax results were negative by ISK 3.6 billion, compared with an ISK 6.8 billion profit for the same period in 2019. Loan impairment amounted to ISK 5.2 billion in the period, compared with impairment of ISK 1 billion in the same period last year.


More