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Landsbankinn hf.: Landsbankinn issues senior unsecured bonds for NOK 300m and taps existing series for SEK 600m
Landsbankinn hf. has today concluded the sale of senior unsecured floating rate bonds with a maturity of 18 months in the amount of NOK 300m. The bonds are expected to be rated BBB+ by S&P Global Ratings.
The bonds were priced at a spread of 83 basis points above 3 month NIBOR.
The bonds will be issued under the bank’s EMTN programme and are scheduled to be admitted to trading on Euronext Dublin on 27 May 2019.
Today, Landsbankinn also agreed to tap existing series with a maturity in November 2020 (ISIN XS1523193123) for SEK 600m.
The bonds were priced at a spread of 85 basis points above 3 month STIBOR.
The tap issuance is expected to be admitted to trading on Euronext Dublin on 29 May 2019.
Dealers on the transactions were Nordea, SEB and Swedbank.