Today Arion Bank completed an offering of 12-, 6- and 5-month commercial papers. In total, 27 bids were received for the total amount of ISK 3,680 million and offers worth ISK 1,620 million were accepted.

The 5-month series attracted 9 bids totaling ISK 800 million at a flat rate of 4.28% - 4.37%. Bids amounting to ISK 320 million at 4.30% flat rates were accepted.

The 6-month series attracted 16 bids totaling ISK 2,680 million in total at a flat rate of 4.28% - 4.38% Bids amounting to ISK 1,300 million at 4.33% flat rates were accepted.

The 12-month series attracted 2 bids totaling ISK 200 million in total at a flat rate of 4.55% - 4.70%. All bids were rejected.

The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 20 April.

For further information please contact Haraldur Gudni Eidsson of Arion Bank's Communications division at haraldur.eidsson@arionbanki.is, or tel. +354 856 7108