Today Arion Bank hf. concluded the sale of two covered bond series.
The total demand in the issue amounted to ISK 2,720 million and 20 bids were received.
The inflation-linked issue ARION CBI 26 attracted 11 bids of ISK 1,820 million at a yield of 1.67-1.72%. All bids were rejected at this time.
The fixed rate issue ARION CB 24 attracted 9 bids of ISK 900 million at a yield of 4.38-4.45%. Bids for nominal amount of ISK 600 million at a yield of 4.43% were accepted. The size of the series following the issuance will be ISK 19,230 million.
The issued bonds are scheduled to be admitted to trading on Nasdaq Iceland on 11 September 2019.
For further information please contact Investor relations, at ir@arionbanki.is