By Marisa Wong
Los Angeles, Nov. 16 – Landsbankinn hf. completed a €300 million sale of green bonds due May 2026 on Tuesday, according to a news release.
The bonds have a fixed coupon of 0.75% and were sold at terms equivalent to a spread of 95 basis points over the mid-swap market rate.
Managers were ABN AMRO, J.P. Morgan, Natixis and NatWest Markets.
The bonds will be issued under the Reykjavik, Iceland-based bank’s euro medium-term note program with reference to its sustainable finance framework reviewed by Sustainalytics.
The bonds will be admitted to trading on Euronext Dublin on Nov. 25.
| Issuer: | Landsbankinn hf.
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| Issue: | Green bonds
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| Amount: | €300 million
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| Maturity: | May 2026
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| Managers: | ABN AMRO, J.P. Morgan, Natixis and NatWest Markets
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| Coupon: | 0.75%
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| Price: | 99.557
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| Spread: | 95 bps over mid-swaps
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| Settlement date: | Nov. 16
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| Listing date: | Nov. 25
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| Listing: | Euronext Dublin
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