Arion Bank completes commercial papers offering


Today Arion Bank completed an offering of 12-, 6- and 5-month commercial papers. In total, 22 bids were received for the total amount of ISK 4,440 million and offers worth ISK 3,380 million were accepted.

The 5-month series attracted 6 bids totaling ISK 780 million at a flat rate of 4.28% - 4.36%. Bids amounting to ISK 100 million at 4.32% flat rates were accepted.

The 6-month series attracted 13 bids totaling ISK 3,280 million in total at a flat rate of 4.30% - 4.495% Bids amounting to ISK 3,280 million at 4.495% flat rates were accepted.

The 12-month series attracted 3 bid of ISK 380 million at a flat rate of 4.525%-4.60%. No bids were accepted.

The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 20 August.

For further information please contact Haraldur Gudni Eidsson of Arion Bank's Communications division at haraldur.eidsson@arionbanki.is, or tel. +354 856 7108