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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.