Arion Bank completes bond offering

Arion Bank completed an offering of a new series of covered bonds, Arion CBI19, today. Offers totalling ISK 3,720 million were received and offers worth ISK 3,000 million were accepted at a yield of 2.84%.

The Bank aims to get this series admitted to trading on NASDAQ OMX Iceland.

The bonds bear 2.50% indexed interest rates and mature in 2019.