Today Landsbankinn hf. concluded a closed auction of three series: LBANK 181210, LBANK 190110 and LBANK 190710.
In total, 12 bids were received in the auction for the total amount of ISK 1,820m.
A total of 3 bids for 300m were received in the series LBANK 181210 with bid rates at 4.30%-4.35%. No bids were accepted in the series.
A total of 8 bids for 1,420m were received in the series LBANK 190110 with bid rates at 4.30%-4.38%. Bids for 560m were accepted at a simple rate of 4.36% equal to the price of 97.8201.
One bid for 100m was received in the series LBANK 190710 with a bid rate at 4.55%. That bid was not accepted.
Application has been made for the bills to be admitted to trading on Nasdaq Iceland on 10 July 2018.
Further information on the commercial paper is available on Landsbankinn‘s website, www.landsbankinn.com/bills.