Arion Bank will be offering ISK denominated covered bonds series ARION CB 24 and ARION CBI 26 on 4 June 2019. 

Arion Bank will be accepting ARION CBI 19 and ARION CB 19 as payment towards the purchase of bonds in the auction. Arion Bank will purchase ARION CB 19 at the clean price of 100.7747, which is equivalent to a 4.00% yield.

 
Arion Bank will purchase ARION CBI 19 at the clean price of 100.107, which is equivalent to a 1.25% yield.

The value of ARION CBI 19 and CB 19, with accrued interest will constitute payment towards the bonds issued 11 June 2019.

Investors can also choose to settle the covered bonds with cash or with the securities in the list below. The price of the securities will be determined by the mid yield at the close of the market on day of the offering.

ISINSecurity
XS0195066146HFF150224
XS0195066575HFF150434
XS0195066658HFF150644
IS0000024453RIKB 20 0205
IS0000020717RIKB 22 1026
IS0000019321RIKB 25 0612
IS0000028249RIKB 28 1115
IS0000020386RIKB 31 0124
IS0000020014RIKS 21 0414
IS0000030732RIKS 26 0216
IS0000020576RIKS 30 0701

According to Arion Bank’s new issuance schedule the Bank intends to offer ISK denominated covered bonds on the first Wednesday of every month throughout the year. See the Bank’s website for the issuance schedule: https://www.arionbanki.is/english/about-us/investor-relations/debt-investors/#issuance-sched

For further information please contact Investor relations, at ir@arionbanki.is