Landsbankinn completed an auction of its non-indexed LBANK CB 32 covered bond series, receiving nine bids totaling ISK 3.780m at yields ranging from 7.61% to 7.64%. The bank accepted ISK 3,660m at a 7.63% yield. In a related covered bond exchange offering, holders of LBANK CBI 26 could sell their bonds in exchange for bonds bought in the auction at a predefined clean price of 99.735; Landsbankinn bought ISK 1,300m of LBANK CBI 26. Settlement for the transactions will take place on 16 September 2026. After the tap issuance, LBANK CB 32 will total ISK 16,280m, including ISK 15,320m outstanding and ISK 960m retained. Arion banki, Islandsbanki and Kvika are market makers for Landsbankinn covered bonds, which carry an A+ rating with a stable outlook from S&P Global Ratings. The bonds are issued under a Financial Supervisory Authority (FME) license, referencing Act No. 11/2008 and FME rules No. 190/2023. Landsbankinn said the announcement contains information that qualified or may have qualified as inside information under Article 7 of the Market Abuse Regulation (EU) 596/2014, or MAR. Hreiðar Bjarnason, Chief Financial Officer for Landsbankinn hf., released the announcement under MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055.