Today Arion Bank hf. concluded the sale of four covered bond series.
The total demand in the issue amounted to ISK 2,480 million and 28 bids were received.
The inflation-linked issue ARION CBI 21 attracted 4 bids of ISK 160 million in total at a yield of 3.38% - 3.40%. All bids for the inflation-linked issue ARION CBI 21 were rejected. The total amount issued will be ISK 10,220 m.
The inflation-linked issue ARION CBI 29 attracted 9 bids of ISK 800 million in total at a yield of 3.14%-3.20%. Bids for ARION CBI 29 amounting to ISK 640 million at a yield of 3.16% were accepted. Following the tap issuance, the total amount issued will be ISK 23,080 m.
The fixed rate issue ARION CB 22 attracted 6 bids of ISK 620 million in total at a yield of 5.68% - 5.72%. Bids for ARION CB 22 amounting to ISK 520 million at a yield of 5.70% were accepted. Following the tap issuance, the total amount issued will be ISK 20,160 m.
A new fixed rate issue ARION CB 19 attracted 9 bids of ISK 900 million at 5.50%-5.80% yield. Bids for ARION CB 19 amounting to ISK 580 million at a yield of 5.65% were accepted. In addition the series was tapped for ISK 960m for bond lending purposes in relation to market makers. The size of the series following the issuance will be ISK 1,540 m.
The issued bonds were tap issues of existing covered bond series that have been admitted to trading on Nasdaq OMX Iceland and a new series that will be admitted to trading on Nasdaq OMX Iceland.
In 2016 Arion Bank has issued a total of ISK 24,840m of covered bonds. In total Arion Bank has issued ISK 62,000m of covered bonds.
For further information please contact Haraldur Gudni Eidsson of Arion Bank's Communications division at haraldur.eidsson@arionbanki.is, or tel. +354 856 7108.