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Landsbankinn issues bonds in foreign currency

Landsbankinn has concluded the sale of senior unsecured floating rate bonds with a maturity of three years in the amount of NOK 500 million and SEK 500 million.

The bonds were priced at a spread of 155 basis points above 3-month STIBOR and 3-month NIBOR. The bonds are expected to be assigned a BBB rating grade from S&P Global Ratings.

The bonds will be issued under the Bank’s EMTN programme and are scheduled to be admitted to trading on Euronext Dublin on 19 October 2020.

Nordea and Swedbank were co-managers of the sale.