Today Arion Bank completed an offering of 12-, 6- and 5-month commercial papers. In total, 23 bids were received for the total amount of ISK 3,260 million and offers worth ISK 1,780 million were accepted.
The 5-month series attracted 5 bids totaling ISK 500 million at a flat rate of 4.28% - 4.35%. Bids amounting to ISK 120 million at 4.30% flat rates were accepted.
The 6-month series attracted 14 bids totaling ISK 2,320 million in total at a flat rate of 4.28% - 4.35% Bids amounting to ISK 1,660 million at 4.33% flat rates were accepted.
The 12-month series attracted 4 bids totaling ISK 420 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 18 May.
For further information please contact Haraldur Gudni Eidsson of Arion Bank's Communications division at haraldur.eidsson@arionbanki.is, or tel. +354 856 7108