Arion Bank completed an offering of a new series of non-indexed covered bonds yesterday, Wednesday 26th of August. The bonds are 7-year instruments with a fixed 6.50% coupon.
Offers totalling ISK 4,300 million were received and offers worth ISK 4,200 million were accepted at a yield of 7.0%.
The bonds are scheduled to be admitted to trading on NASDAQ Iceland at the beginning of September.
For further information please contact Haraldur Gudni Eidsson of Arion Bank´s communications division at haraldur.eidsson@arionbanki.is, or tel: +354 444 7108