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Landsbankinn HF - Tender Offer 2024 (XS) - Launch

LANDSBANKINN HF. announces Tender Offer for holders of its €300,000,000 0.500 per cent. Notes due 2024 (the “2024 Notes”) and €300,000,000 0.375 per cent. Green Notes due 2025 (the “2025 Notes”) (together, the “Notes” and each a “Series”) - XS2121467497 - XS2306621934


04 MARCH 2024


Full announcement including disclaimers and offer restrictions available via Euronext

Scroll below for previous deals related to Landsbankinn


LANDSBANKINN HF. (incorporated with limited liability in Iceland) (the “Offeror”) to the holders of its €300,000,000 0.500 per cent. Notes due 2024 (the “2024 Notes”) €300,000,000 0.375 per cent. Green Notes due 2025 (the “2025 Notes”) (together, the “Notes” and each a “Series”) to tender such Notes for purchase by the Offeror for cash (in respect of the 2025 Notes, up to the 2025 Notes Final Acceptance Amount (as defined below)), in each case subject to the satisfaction or waiver of the New Issue Condition (as defined herein) and the other conditions described in the Tender Offer Memorandum on the following terms (the invitation in respect of the 2024 Notes, the “2024 Notes Offer”, and the invitation in respect of the 2025 Notes, the “2025 Notes Offer” and together the “Offers”, and each an “Offer”)


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"Rationale and Background for the Offers


The purpose of the Offers is to proactively manage the Offeror’s balance sheet. Concurrent to the Offers, the Offeror announced its intention to issue euro-denominated senior preferred fixed rate notes, the proceeds of which are to be used in accordance with the terms of the Offeror’s Sustainable Finance Framework (available at https://www.landsbankinn.is/en/the-bank/investor-relations/sustainable-finance). Each Offer begins on 4 March 2024 and will expire at 4.00 p.m. (London time) on 11 March 2024, unless either or both the Offers are extended, re-opened, amended and/or terminated as provided in the Tender Offer Memorandum. The expected Settlement Date for the Offers is 14 March 2024 (subject to the Offeror’s right to extend, re-open, amend or waive any condition of and/or terminate either Offer)."


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LANDSBANKINN HF announces the results of a tender offer to the holders of its €300,000,000 0.500 per cent. Notes due 2024 (the “Existing Notes”) to tender any and all of their Existing Notes for purchase by the Offeror for cash subject to the satisfaction or waiver of the New Issue Condition (such invitation, the “Offer”)

12 SEPTEMBER 2023


Full announcement including disclaimers and offer restrictions available via Euronext


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"The Offer expired at 4.00 p.m. (London time) on 11 September 2023.


Results of the Offer


Subject to satisfaction or waiver of the New Issue Condition on or prior to the Settlement Date, the Offeror is pleased to announce the results of the Offer and acceptance of the valid tenders of Existing Notes pursuant to the Offer as follows: "



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LANDSBANKINN HF ANNOUNCES TENDER OFFER ON ITS 2024 NOTES

04 SEPTEMBER 2023


Full announcement including disclaimers and offer restrictions available via Euronext



"invitation by LANDSBANKINN HF.

(incorporated with limited liability in Iceland)

(the “Offeror”)

to the holders of its €300,000,000 0.500 per cent. Notes due 2024 (the “Existing Notes”) to tender any and all of their Existing Notes for purchase by the Offeror for cash subject to the satisfaction or waiver of the New Issue Condition (as defined herein) (such invitation, the Capitalised terms used in this announcement shall have the meaning given to them in the tender offer memorandum dated 4 September 2023 (the “Tender Offer Memorandum”) unless defined otherwise herein. "


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"Rationale and Background for the Offer


The purpose of the Offer is to proactively manage the Offeror’s balance sheet. Concurrent to the Offer, the Offeror announced its intention to issue euro-denominated senior preferred fixed rate notes with an expected maturity date in 2027, the proceeds of which are to be used in accordance with the terms of the Offeror’s Sustainable Finance Framework (available at https://www.landsbankinn.is/en/the-bank/investorrelations/sustainable-finance). 2 The Offer begins on 4 September 2023 and will expire at 4.00 p.m. (London time) on 11 September 2023, unless the Offer is extended, re-opened, amended and/or terminated as provided in the Tender Offer Memorandum. The expected Settlement Date for the Offer is 13 September 2023 (subject to the Offeror’s right to extend, re-open, amend or waive any condition of and/or terminate the Offer)."


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