Correction: Both issues where tapped for ISK 100,000,000 more than previously stated due to market making agreements.
Today Arion Bank hf. concluded the sale of two inflation-linked covered bonds listed on the Nasdaq Iceland.
The inflation linked issue ARION CBI 21 was tapped for an amount of ISK 1,280,000,000 at a yield of 3.25% and the inflation linked issue ARION CBI 29 was tapped for an amount of ISK 2,120,000,000 at a yield of 3.30%. Total amount of orders for the tap issue amounted to ISK 4.34 bn.
Bond series are indexed to the CPI and have been admitted to trading on Nasdaq Iceland. According to Arion Bank´s issuance schedule the next inflation linked auction is in June.
For further information please contact Haraldur Gudni Eidsson of Arion Bank´s communications division at haraldur.eidsson@arionbanki.is, or tel: +354 444 7108