Today Arion Bank hf. concluded the sale of three covered bond series.
The total demand in the issue amounted to ISK 2,680 million and 22 bids were received.
The inflation-linked issue ARION CBI 29 attracted 7 bids of ISK 820 million in total at a yield of 3.00%-3.06%. Bids for ARION CBI 29 amounting to ISK 220 million at a yield of 3.03% were accepted. Following the tap issuance, the total amount issued will be ISK 25,220 m.
The fixed rate issue ARION CB 22 attracted 9 bids of ISK 1,280 million in total at a yield of 5.33% - 5.36%. Bids for ARION CB 22 amounting to ISK 1,040 million at a yield of 5.35% were accepted. Following the tap issuance, the total amount issued will be ISK 22,240 m.
The fixed rate issue ARION CB 19 attracted 6 bids of ISK 580 million at 5.29%-5.38% yield. Bids for ARION CB 19 amounting to ISK 340 million at a yield of 5.30% were accepted. Following the tap issuance, the total amount issued will be ISK 2,040 m.
The issued bonds were tap issues of existing covered bond series that have been admitted to trading on Nasdaq OMX Iceland on 8 March 2017.
According to Arion Bank’s issuance schedule the next auction of covered bonds is on 5 April 2017.
In total Arion Bank has issued ISK 66,720m 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.