Arion Bank hf.
Other information disclosed according to the rules of the Exchange
Correction: Arion Bank: Covered Bond Offering Results. Published: 2024-07-03 17:45
In previously published announcement the total size of the ARION CBI 30 series was incorrect. The total size of the series following the issuance will be ISK 25,540 m.
Today Arion Bank has concluded a sale of a covered bonds in the series ARION CB 27 and ARION CBI 30 for a total of ISK 6,740 m.
In the series ARION CB 27 a total of 16 bids for ISK 3,480 m were received at a yield in the range of 8.75 - 8.87%. Bids in the amount of ISK 1,860 m were accepted at a 8.77% yield. The total size of the series following the issuance will be ISK 50,700 m.
In the series ARION CBI 30 a total of 23 bids for ISK 6,520 m were received at a yield in the range of 3.56 - 3.66%. Bids in the amount of ISK 4,880 m were accepted at a 3.61% yield. The total size of the series following the issuance will be ISK 25,540 m.
The bonds are scheduled to be admitted to trading on Nasdaq Iceland on July 10th 2024.
The bonds will be issued under Arion Bank's covered bond programme. The Base Prospectus is available here.
The offering is managed by Arion Bank Capital Markets.
For any further information please contact:
Theodór Friðbertsson, Investor Relations at Arion Bank, ir@arionbanki.is, tel. +354 856 6760 or Eirikur Dor Jonsson, Head of Treasury at Arion Bank, eirikur.jonsson@arionbanki.is, tel. +354 856 7171
Attachments:
Arion Bank Covered Bond Offering Results. Published 2024-07-03 1745.pdf
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Arion banki hf (the Bank) is an Iceland-based financial institution that provides individuals, corporations and institutional investors with banking services. The Bank reports six operating segments: Asset Management, which comprises institutional asset management, private banking, investment services and pension fund administration; Corporate Banking that provides a full range of lending products, deposit accounts, payment solutions and value-added electronic corporate solutions; Investment Banking, which includes such services as buying and selling of companies, advice on financial decisions undertaken by companies and investors, as well as buying and selling of securities; Retail Banking that provides such services as deposits and loans, savings, payment cards, pension savings, insurance, securities and funds; Treasury that is responsible for the Bankâs liquidity, currency and interest rate management, and Subsidiaries and other divisions, including Valitor Holding hf, among others.