Today Landsbankinn hf. concluded a closed auction of three series; LBANK 190812, LBANK 190910 and LBANK 200310.
In total, 24 bids were received in the auction for the total amount of ISK 2,780m.
A total of 8 bids for ISK 660m were received in the series LBANK 190812 with bid rates at 4.80%-4.90%. Bids for 260m were accepted at a simple rate of 4.85% equal to the price of 97.9674.
A total of 14 bids for ISK 1,780m were received in the series LBANK 190910 with bid rates at 4.80%-4.96%. Bids for 900m were accepted at a simple rate of 4.85% equal to the price of 97.5939.
A total of 2 bids for ISK 340m were received in the series LBANK 200310 with bid rates at 5.09%-5.10%. No bids were accepted in the series.
Application has been made for the bills to be admitted to trading on Nasdaq Iceland on 11 March 2019.
Further information on the commercial paper is available on Landsbankinn‘s website, www.landsbankinn.com/bills.