- News and Notifications

Bond issuance in euros

Landsbankinn hf. has today concluded a sale of new 4.25-year EUR 300 million senior unsecured bonds maturing in May 2024 with a fixed 0.50% coupon. The bonds were sold at terms equivalent to an 83 basis point spread above mid-swap market rate. The total demand was in excess of EUR 800 million from over 90 investors. The bonds were sold to institutional investors in the UK, continental Europe and Scandinavia.

The bonds will be issued under the Bank’s EMTN programme and are scheduled to be admitted to trading on the Irish Stock Exchange on 20 February 2020.

Joint lead managers on the transaction were Barclays, BofA Securities and J.P. Morgan.

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.


News and Notifications - 24 April 2020 06:00 PM

S&P lowers Landsbankinn’s credit rating to BBB with stable outlook

S&P Global Ratings has today announced a lowering of Landsbankinn’s long-term credit rating. The credit rating is lowered by one notch, to BBB/A-2 with stable outlook.


News and Notifications - 22 April 2020 03:03 PM

Results of the AGM of Landsbankinn 2020

The Annual General Meeting of Landsbankinn was held on 22 April 2020 at the Bank’s headquarters in Austurstræti 11, Reykjavík. At the AGM, Helga Björk Eiríksdóttir, Chairman of the Board of Directors, presented the report of the Board of Directors, and Lilja Björk Einarsdóttir, CEO, spoke of the Bank’s solid standing and good performance in 2019.