Landsbankinn starts tender offer for €300 million 1.375% notes due 2022

By Mary-Katherine Stinson

Lexington, Ky., Nov. 15 – Landsbankinn hf. today announced a cash tender offer for its €300 million 1.375% notes due 2022 (ISIN: XS1576777566), according to a press release.

The notes will be redeemed at a fixed price using a purchase yield of negative-0.30%.

The tender offer is subject to a new finaning condition.

Lucid Issuer Services Ltd. (landsbankinn@lucid-is.com) is the tender agent.

ABN Amro, J.P. Morgan, Natixis and NatWest Markets will act as dealer managers.

Reykjavik, Iceland-based Landsbankinn provides personal and corporate banking and financial market solutions.

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