On 22 June 2017, Landsbankinn fully prepaid the outstanding balance under Bond Series 2024 of USD 160 million and has thereby fully repaid all outstanding Bonds owed to LBI. The prepayment totals USD 161.33 million, including accrued and unpaid interest (EUR 144.7 million at the exchange rate of 22 June 2017). LBI expects to announce an unscheduled payment in partial redemption of the Convertible Notes shortly.