Arion Bank: Covered bond offering results

2023-03-29 19:20:00

Today Arion Bank hf. has concluded sale of the covered bond serie ARION CB 27 for total of ISK 4,860 m.

A total of 16 bids for ISK 5,260 m were received in the series ARION CB 27 at 8.10-8.40% yield. Bids in the amount of ISK 4,860m were accepted at 8.20% yield. The Bank is also issuing ISK 21,620m of the serie for its own use.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 5th of April 2023.

The offering was managed by Arion Bank Capital Markets desk.