Arion Bank repurchases NOK bonds

Arion Bank hf. (”Arion Bank”) has today repurchased NOK 59 million (nominal value) of the NOK 500 million 2013/2016 bond at a price of 102.5 which corresponds to a spread of 2.79% over NIBOR.

Eight offers were received for a total of NOK 171 million. Pareto Securities managed the transaction on behalf of Arion Bank.