Arion Bank hf. - Company Announcement

Arion Bank hf. covered bond tap issue

Yesterday Arion Bank hf. concluded the sale of three covered bonds listed on
Nasdaq OMX Iceland. 

The inflation-linked issue ARION CBI 21 was tapped for an amount of ISK 1,000m
at a yield of 3.30%. 
The inflation-linked issue ARION CBI 29 was tapped for an amount of ISK 1,520m
at a yield of 3.21%. 
The fixed rate issue ARION CB 22 was tapped for an amount of ISK 3,280m at a
yield of 6.76%. 


The total amount of orders for the tap issue amounted to ISK 8,040m

The issued bonds were tap issues of existing covered bond series that have been
admitted to trading on Nasdaq OMX Iceland. According to Arion Bank’s issuance
schedule the next auction of covered bonds is on 2 March. 

In 2016 Arion Bank has issued a total of ISK 9,120m of covered bonds. In total
Arion Bank has issued ISK 46,280m of covered bonds. 

For further information please contact Haraldur Gudni Eidsson of Arion Bank's
Communications division at haraldur.eidsson@arionbanki.is, or tel. +354 444
7108.