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2016-12-15

Landsbankinn hf.: Covered bond offering results

Today, Landsbankinn concluded the final covered bond auction of the year where
four series of covered bonds were offered for sale.

In total, 20 bids were received in the auction for the total amount of ISK
2,500m.

A total of 3 bids for ISK 540m were received in the series LBANK CB 19 at
5.49%-5.55% yield. All bids in the series were accepted at 5.55% yield.
Following the tap issuance, the total amount issued will be ISK 14,500m.

A total of 7 bids for ISK 660m were received in the series LBANK CB 21 at
5.52%-5.57% yield. No bids in the series were accepted.

A total of 3 bids for ISK 340m were received in the series LBANK CBI 22 at
3.19%-3.21% yield. All bids in the series were accepted at 3.21% yield.
Following the tap issuance, the total amount issued will be ISK 18,740m.

A total of 7 bids for ISK 960m were received in the series LBANK CBI 28 at
3.01%-3.06% yield. All bids in the series were accepted at 3.06% yield.
Following the tap issuance, the total amount issued will be ISK 3,340m.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 22
December 2016. Arion banki, Islandsbanki and Kvika act as market makers for
covered bonds issued by Landsbankinn.

The covered bonds are issued in accordance with a license from the Financial
Supervisory Authority (FME), with reference to act. no. 11/2008 and FME's
rules no. 528/2008. Further information on the bonds and the cover pool is
available on Landsbankinn's website,www.landsbankinn.is/covered-bonds.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Landsbankinn hf. via Globenewswire

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