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12.10.2015

Landsbankinn issues bonds in euros

Landsbankinn hf. has today issued €300 million of senior unsecured bonds, equivalent to around ISK 43 billion.  The bonds have a 3 year maturity with a fixed 3.00% coupon and were priced at terms equivalent to 295 basis point spread above mid-swaps in euros. 

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09.10.2015

Announcement from LBI hf.

At the creditors‘ meeting on 2 October and in other presentations it has been stated that the intention was to hold a meeting to vote on the intended composition proposal on 5 November. It is now clear that this meeting cannot take place at such time. It is currently expected that the meeting will be held on 17 November 2015. The timing of sending of composition documents to creditors will change accordingly.

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02.10.2015

News announcement from LBI hf. - Creditors Meeting

The Winding-up Board of LBI hf. held a Creditors' Meeting today, 2 October 2015.

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30.09.2015

Announcement from LBI hf

Reference is made to (i) the Senior Indenture, dated as of July 21, 2006, (the “Indenture”), between Landsbanki Íslands hf. (now known as LBI hf.), as issuer, (“LBI”) and Deutsche Bank Trust Company Americas (“DBTCA”), as trustee, as supplemented, pursuant to which the 6.10% Senior Notes, due 2011, the Floating Rate Senior Notes, due 2009, and the €950,000 Autocallable Linked Notes due 2010, Linked to Telefónica S.A. and Banco Santander Central Hispano S.A. (collectively, the “Notes”) were issued.

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25.09.2015

ANNOUNCEMENT FROM LBI HF.

On Friday 2 October 2015, at 9:00 am, a meeting will be held with creditors in the winding-up proceedings of LBI hf. (formerly Landsbanki Íslands hf.), Reg. No. 540291-2259, at Hotel Hilton Reykjavík Nordica, Suðurlandsbraut 2 in Reykjavík.

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19.09.2015

Announcement from LBI hf

LBI and LB have today reached an agreement regarding prepayment of LB Bonds and funding of priority claims. More detailed information are to be found on LBI´s closed creditors website.

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08.09.2015

Announcement from LBI hf.

Today LBI hf. published on its closed creditors’ web site, a detailed financial presentation for Q2 2015 and a presentation containing further information about LBI´s Composition process and Key Considerations in that respect.

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27.08.2015

Announcement from LBI hf.

The Winding-up Board of LBI hf. intends to hold a creditors' meeting on 2 October 2015. In addition to the customary agenda for creditors' meetings, the Winding-up Board will present to the meeting its proposal with regards to a stability contribution, and its intention to make a formal decision with respect to that.

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05.08.2015

Announcement from LBI

On 8 June 2015, the Winding-up Board of LBI brought to the attention of LBI´s creditors an announcement by the Ministry of Finance concerning a bill on a stability levy that was expected to be introduced in Parliament and a proposal from certain creditors holding significant claims on the estate of LBI for a voluntary stability contribution designed to neutralize the balance of payments risks posed by LBI’s domestic assets.

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28.07.2015

Announcement from LBI

The Winding-up Board of LBI draws to the attention of creditors of LBI, an announcement which has been publised on the closed creditors section of the website, regarding the composition plan for LBI and the expected process ahead.

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