Kvika Bank Issues First Covered Bonds Worth 6.42 Billion Krónur
Bitget2026/10/23 09:17- Kvika banki lists its first covered bond issue, KVIKA CB 32, totaling ISK 6.42 billion on Nasdaq Iceland’s main market.
- Accepted bids totaled ISK 5.92 billion against demand of ISK 10.12 billion in the initial offering.
- The bonds carry a 7.74% annual coupon; ISK 500 million is retained for own use.
- Backed by the bank’s mortgage portfolio, the issuance diversifies funding to support further mortgage lending.
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