Arion Bank’s covered bond series, Arion CB 15, was today, 21 May admitted to trading on the Regulated market of Nasdaq OMX Iceland. This is the second series under Arion Bank’s covered bond programme from 9 February 2012.
The series has a nominal value of ISK 1,320,000,000, bear 6.50% fixed interest and mature on 16 May 2015.
Arion Bank hf. has a Market Making Agreement with MP Bank hf., where MP Bank hf. will act as a market maker for Covered Bonds issued by Arion Bank hf. According to the agreement, MP Bank hf. will on a daily basis provide bid and ask offers for the Covered Bonds. The minimum bid and ask offer is ISK 20,000,000 with a maximum bid-ask spread of 1%. The maximum obligated total trades per day is ISK 60,000,000 nominal value.
For further information please contact: Haraldur Gudni Eidsson, Arion Bank's Corporate Communications, tel: 354 856 7108, haraldur.eidsson@arionbanki.is.