Kvika Bank Issues First Covered Bonds Worth 6.42 Billion Krónur

• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kvika banki hf. published the original content used to generate this news brief on October 23, 2026, and is solely responsible for the information contained therein.