Today Arion Bank completed an offering of 6- and 5-month commercial papers. In total, 17 bids were received for the total amount of ISK 3,320 million and offers worth ISK 1,320 million were accepted.
The 5-month series attracted 5 bids totaling ISK 680 million at a flat rate of 4.80% - 4.90%. Bids amounting to ISK 420 million at 4.85% flat rates were accepted.
The 6-month series attracted 12 bids totaling ISK 2,640 million in total at a flat rate of 4.80% - 4.92% Bids amounting to ISK 900 million at 4.89% flat rates were accepted.
The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 20 March 2019.
For further information please contact Investor relations, at ir@arionbanki.is