Landsbankinn makes ISK 50 million redemption on secured bonds to LBI

By Tali David

Minneapolis, Dec. 23 - Landsbankinn hf. made an optional and partial early redemption of ISK 50 billion of its secured bonds to LBI hf., according to a press release.

The prepayment will reduce, on a pro-rata basis, maturities of the bonds arising between 2014 and 2018. The first regular repayment of the bonds is in January 2014 and the final repayment date is in October 2018.

Landsbankinn provides personal and corporate banking and financial market solutions primarily in Iceland.

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