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Published: 2019-10-15 21:31:16 CEST
Lykill fjármögnun hf.
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Lykill fjármögnun hf.: Bond auction result

Lykill fjármögnun hf. conducted a bond auction of a CPI-linked bond series, LYKILL 26 05, on October 15th 2019. 

The issue attracted bids amounting to ISK 1,600m at a yield of 2.91% - 3.10%. Lykill accepted offers in the amount of ISK 1,600m at a yield of 3.10%.

The bond series has a 7-year maturity, carries a fixed nominal rate of 3.30%, is CPI-linked and secured by cover pool, consisting of loans, leases and pledged accounts. The series is a CPI-linked annuity with quarterly payments and will mature May 15th, 2026. The bond series LYKILL 26 05 has been admitted to trading on the Nasdaq Iceland stock exchange.

Outstanding nominal amount in the bond series after the issue is ISK 5,130,000,000.

Fossar Markets managed the auction on behalf of Lykill fjármögnun hf.

Further information:
Daði Kristjánsson, Fossar markaðir hf., dadi.kristjansson@fossarmarkets.com, mobile: +354 840 4145
Arnar Geir Sæmundsson, Head of Treasury at Lykill fjármögnun hf., arnarg@lykill.is