Today Arion Bank hf. concluded the sale of three covered bond series.
The total demand in the issue amounted to ISK 2,360 million and 19 bids were received.
The inflation-linked issue ARION CBI 48 attracted 2 bids of ISK 300 million at a yield of 2.80-2.84%. All bids for ARION CBI 48 were accepted. The size of the series following the issuance will be ISK 5.160 m.
The inflation-linked issue ARION CBI 25 attracted 7 bids of ISK 1,040 million in total at a yield of 2.71%-2.75%. All bids for ARION CBI 25 were accepted. The size of the series following the issuance will be ISK 30,520 m.
The fixed rate issue ARION CB 22 attracted 10 bids of ISK 1.020 million at a yield of 5.47-5.54%. All bids for ARION CB 22 were accepted. The size of the series following the issuance will be ISK 26,960 m.
The issued bonds were tap issues of existing covered bond series and are scheduled to be admitted to trading on Nasdaq Iceland on 13 June 2018.
In total Arion Bank has issued ISK 105,320 m of covered bonds, thereof ISK 15,900 m this year.
For further information please contact Haraldur Gudni Eidsson of Arion Bank's Communications division at haraldur.eidsson@arionbanki.is, or tel. +354 856 7108