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

Correction: Arion Bank completes commercial papers offering - Published 2017-04-11 19:26:15

Correction: The amount of accepted offers previously indicated for the 5-month paper was incorrect. Accepted offers for the 5-month maturity commercial papers amounted to ISK 280 million instead of ISK 260 million. In total offers worth ISK 2,100 million were accepted instead of ISK 2,080 million.

Yesterday Arion Bank completed an offering of 12-, 6- and 5-month commercial papers. In total, 25 bids were received for the total amount of ISK 4,220 million and offers worth ISK 2,100 million were accepted.

The 5-month series attracted 8 bids totaling ISK 1,200 million at a flat rate of 5.10% - 5.35%. Bids amounting to ISK 280 m at 5.17% flat rates were accepted.

The 6-month series attracted 11 bids totaling ISK 1,420 million in total at a flat rate of 5.10% - 5.35%. Bids amounting to ISK 320 m at 5.19% flat rates were accepted.

The 12-month series attracted 6 bids totaling ISK 1,600 million in total at a flat rate of 5.34% - 5.55%. Bids amounting to ISK 1,500 m at 5.40% flat rates were accepted

The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 21 April.

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