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 1,440 million and 13 bids were received.

The inflation-linked issue ARION CBI 25 attracted 6 bids of ISK 1,080 million in total at a yield of 2.57%-2.65%. Bids for ARION CBI 25 amounting to ISK 440 million at a yield of 2.60% were accepted. The size of the series following the issuance will be ISK 12,640 m.

The fixed rate issue ARION CB 22 attracted 4 bids of ISK 160 million in total at a yield of 5.50% - 5.53%. All bids for ARION  CB 22 were rejected at this time.

The fixed rate issue ARION CB 19 attracted 3 bids of ISK 200 million in total at a yield of 5.23% - 5.28%. 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 13 September 2017.

According to Arion Bank’s issuance schedule the next auction of covered bonds is on 4 October 2017.

In total Arion Bank has issued ISK 81,060 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