Today Landsbankinn hf. concluded a closed auction of three series; LBANK 190311, LBANK 190410 and LBANK 191010.
In total, 11 bids were received in the auction for the total amount of ISK 1,120m.
A total of 4 bids for ISK 340m were received in the series LBANK 190311 with bid rates at 4.45%-4.50%. No bids were accepted in the series.
A total of 6 bids for ISK 680m were received in the series LBANK 190410 with bid rates at 4.45%-4.50%. Bids for 420m were accepted at a simple rate of 4.50% equal to the price of 97.7756.
One bid for ISK 100m was received in the series LBANK 191010 with a bid rate at 4.60%. That bid was not accepted.
Application has been made for the bills to be admitted to trading on Nasdaq Iceland on 10 October 2018.
Further information on the commercial paper is available on Landsbankinn‘s website, www.landsbankinn.com/bills.