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Iceland’s Landsbankinn launches covered bond exchange offer
By Mary-Katherine Stinson
Lexington, Ky., Oct. 9 – Landsbankinn hf. announced a covered bond exchange offering for series LBANK CB 23 holders, according to a press release.
Holders of the bonds can sell the covered bonds in the series against covered bonds bought in an auction on Wednesday at a predefined clean price of 99.61.
Settlement will take place on Oct. 18.
The exchange offer is in connection with the sale via auction of two non-indexed series, LBANK CB 27 and LBANK CB 29. The auction will take place Oct. 11.
The bank is based in Reykjavik, Iceland.
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