Kvika banki hf.: Results of inaugural auction of covered bonds

Kvika banki hf. held today closed inaugural auction in the covered bond series KVIKA CB 32. The auction was conducted as a Dutch auction where total bids amounted to ISK 10,120 million at yields ranging from 7,59% to 7,85%. Bids were accepted for ISK 5,920 million at a yield of 7,74%, which is the coupon rate of the bond, paid annually. The total amount issued in the series will be ISK 6,420 million, thereof ISK 5,920 million outstanding and ISK 500 million retained for own use.

Summary aggregated from GlobeNewswire's public RSS feed. The full reporting belongs to GlobeNewswire — please read it on their site.