Landsbankinn hf.: Covered bond exchange offering results

Landsbankinn executed a covered bond exchange tied to its covered bond auction, allowing holders of series LBANK CBI 26 to sell into bonds bought in the auction at a predefined clean price of 99.456. The update is operational in nature with no stated change to fundamentals or guidance.

Analysis

Landsbankinn executed a covered bond exchange tied to its covered bond auction, allowing holders of series LBANK CBI 26 to sell into bonds bought in the auction at a predefined clean price of 99.456. The update is operational in nature with no stated change to fundamentals or guidance.