Landsbankinn covered bonds holders may participate in exchange

By Wendy Van Sickle

Columbus, Ohio, Oct. 8 – Landsbankinn hf. said holders of its non-indexed series LBANK CB 21 can sell those covered bonds as part of an exchange for a new non-inflation-linked series LBANK CB 25, according to a notice.

The issuer is offering the new covered bonds for sale at auction on Oct. 12.

Holders of the existing covered bonds can sell their bonds for the new bonds. The existing bonds have a clean price of 100.41.

Landsbankinn Capital Markets (+354 410 7330 or verdbrefamidlun@landsbankinn.is) will manage the auction.

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

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