Today Arion Bank completed an offering of 6- and 5-month commercial papers. In total, 18 bids were received for the total amount of ISK 2,980 million and offers worth ISK 1,680 million were accepted.
The 5-month series attracted 3 bids totaling ISK 400 million at a flat rate of 4.20% - 4.30%. No bids were accepted at this time.
The 6-month series attracted 15 bids totaling ISK 2,580 million in total at a flat rate of 4.17% - 4.30% Bids amounting to ISK 1,680 million at 4.20% flat rates were accepted.
The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 19 July 2019.
For further information please contact Investor relations, at ir@arionbanki.is