Tilkynning frá OMX | 21.11.

Landsbankinn hf.: Bond issuance in euros

Landsbankinn hf. has today concluded a sale of a new 5.5 year EUR 300 million
senior unsecured bonds maturing in May 2023 with a fixed 1.00% coupon. The bonds
were priced at terms equivalent to 85 basis points spread above mid-swap market
rate. The total demand was over EUR 600 million from 70 investors. The bonds
were sold to institutional investors in the UK, Continental Europe, Scandinavia
and Asia.

Proceeds of the issuance will amongst other be used to pre-pay the bank's euro
issuance maturing in October 2018 as a result of the tender offer scheduled to
close on Friday 24 November 2017.

The bonds will be issued under the bank's EMTN programme and are scheduled to be
admitted to trading on the Irish Stock Exchange on 29 November 2017.

Joint lead managers on the transaction were Citigroup, Deutsche Bank, Morgan
Stanley and Nomura.

Hreiðar Bjarnason, Landsbankinn's CFO:

"High demand from a diversified investor base in the issuance reflects strong
investor confidence towards Landsbankinn and the Icelandic economy. The issuance
follows a recent upgrade of the bank's credit rating from S&P Global Ratings
resulting in better terms and longer tenor than before."

For further information contact:

Hanna Kristín Thoroddsen, Investor Relations, ir@landsbankinn.is, tel:
+354  4107310




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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