Yesterday Arion Bank hf. concluded the sale of two inflation-linked covered bonds listed on Nasdaq OMX Iceland.
The inflation-linked issue ARION CBI 21 was tapped for an amount of ISK 500,000,000 at a yield of 3.10% and the inflation-linked issue ARION CBI 29 was tapped for an amount of ISK 1,200,000,000 at a yield of 3.08%.
Total amount of orders for the tap issue amounted to ISK 3,260,000,000
The bond series are indexed to the CPI and have been admitted to trading on Nasdaq OMX Iceland.
Covered bonds are used to finance Arion Bank’s retail mortgage business. Arion Bank currently offers inflation-linked retail mortgages at 3.80% fixed interest rate for five years and 3.65% variable interest rate.
For further information please contact Haraldur Gudni Eidsson of Arion Bank's Communications division at haraldur.eidsson@arionbanki.is, or tel. +354 444 7108.