Correction : The range of flat rates has been corrected and total accepted bids for the 5 month series has also been corrected
Today Arion Bank completed an offering of 12-, 6- and 5-month commercial papers. In total, 26 bids were received for the total amount of ISK 3,580 million and offers worth ISK 1,380 million were accepted.
The 5-month series attracted 9 bids totaling ISK 1,240 million at a flat rate of 5.19% - 5.29%. Bids amounting to ISK 560 m at 5.20% flat rates were accepted.
The 6-month series attracted 11 bids totaling ISK 1,480 million in total at a flat rate of 5.15% - 5.40%. Bids amounting to ISK 480 m at 5.20% flat rates were accepted.
The 12-month series attracted 6 bids totaling ISK 860 million in total at a flat rate of 5.39% - 5.55%. Bids amounting to ISK 340 m at 5.45% flat rates were accepted
The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 20 March.
For further information please contact Haraldur Gudni Eidsson of Arion Bank's Communications division at haraldur.eidsson@arionbanki.is, or tel. +354 856 7108.