Arion Bank completes covered bond offering


Today, Tuesday 9 December, Arion Bank completed an offering of two new series of covered bonds, 7-year and 15-year instruments respectively. Offers totalling ISK 10,340 million were received and offers worth ISK 6,360 million were accepted.  In the 15-year series offers worth ISK 5,220 million were accepted at a yield of 3.50% and in the 7-year series offers worth ISK 1,140 million were accepted at a yield of 3.60%. The bonds are linked to the consumer price index and are scheduled to be admitted to trading on Nasdaq Iceland this December.

 

For further information please contact Haraldur Gudni Eidsson of Arion Bank's Communications division at haraldur.eidsson@arionbanki.is, or tel. +354 856 7108.