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Landsbankinn accepts tenders of 48 million 1.625% notes due 2021
By Rebecca Melvin
New York, Feb. 24 Landsbankinn hf. announced the results of its tender offer for up to 200 million of its 500 million 1.625% notes due 2021 (ISIN: XS1490640288), according to an announcement.
By the expiration time, the bank received valid tenders of 47,598,000 notes, all of which were accepted.
As previously reported, the offer was subject to certain terms and conditions, including the outcome of the banks intended new issuance.
Pricing was set using a purchase yield of negative 0.45%.
The dealer managers were ABN Amro, BofA Securities, Citigroup and Deutsche Bank. The tender agent was Lucid Issuer Services Ltd.
Reykjavik, Iceland-based Landsbankinn provides personal and corporate banking and financial market solutions.
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