Arion Bank hf. - Other information disclosed according to the rules of the Exchange

Arion Bank: Covered bond offering results

Today Arion Bank hf. concluded the sale of three covered bond series.

The total demand in the issue amounted to ISK 8,680 million and 20 bids were received.

The inflation-linked issue ARION CBI 25 attracted 12 bids of ISK 7,820 million in total at a yield of 2.69%-2.75%. Bids for ARION CBI 25 amounting to ISK 7,280 million at a yield of 2.71% were accepted. The size of the series following the issuance will be ISK 19,920 m.

The fixed rate issue ARION CB 22 attracted 5 bids of ISK 600 million in total at a yield of 5.39% - 5.45%.
All bids for ARION CB 22 were rejected at this time.

The fixed rate issue ARION CB 19 attracted 3 bids of ISK 800 million in total at a yield of 5.19% - 5.25%.
All bids for ARION CB 19 were rejected at this time.

The issued bonds were tap issues of existing covered bond series that have been admitted to trading on Nasdaq Iceland on 11 October 2017.

According to Arion Bank’s issuance schedule the next auction of covered bonds is on 1 November 2017.

In total Arion Bank has issued ISK 88,340 m of covered bonds.

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