Kvika Banki sells ISK 5.92 billion covered bond issuance in private placement
Kvika held a closed Dutch auction for covered bonds in KVIKA CB 32, accepting ISK 5.92 billion of bids. Accepted yield set at 7.74%, with annual coupon payments. * Total size of the covered bond class set at ISK 6.42 billion, including ISK 500 million retained for own use. Trading on Nasdaq Iceland targeted for Oct. 20