Today Arion Bank completed an offering of 12-, 6- and 5-month commercial papers. In total, 25 bids were received for the total amount of ISK 3,240 million and offers worth ISK 800 million were accepted.
The 5-month series attracted 8 bids totaling ISK 800 million at a flat rate of 4.49% - 4.70%. Bids amounting to ISK 320 million at 4.58% flat rates were accepted.
The 6-month series attracted 14 bids totaling ISK 2,120 million in total at a flat rate of 4.50% - 4.70%. Bids amounting to ISK 480 million at 4.59% flat rates were accepted.
The 12-month series attracted 3 bids totaling ISK 320 million in total at a flat rate of 4.77% - 4.90%. All bids were rejected.
The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 20 september.
For further information please contact Eirikur Arsaelsson of Arion Bank's Funding division at eirikur.arsaelsson@arionbanki.is, or tel. +354 444 7472