Today, Landsbankinn concluded an auction of Additional Tier 1 (AT1) securities. On offer was a new non-indexed series in ISK, LBANK AT1 PNC31. The securities have no fixed maturity date but have a call option date after 5.5 years. The securities carry a fixed interest of 10.00% payable semi-annually corresponding to an annual yield of 10.25%. A total of 54 bids for ISK 89.32 billion were received from professional domestic investors and bids in the amount of ISK 16 billion were accepted in the auction. Lilj ...