2016-07-07 11:03:51 CEST

2016-07-07 11:03:51 CEST


REGULATED INFORMATION

English Islandic
Arion Bank hf. - Company Announcement

Arion Bank hf. covered bond tap issue


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 29 was tapped for an amount of ISK 760m at
a yield of 3.38%. 
All bids for the inflation-linked ARION CBI 21 and fixed rate ARION CB 22 were
rejected at this time. 



Total amount of orders for the tap issue amounted to ISK 1,860m

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 3 August 2016. 

During the year 2016 Arion Bank has issued a total of ISK 16,100m of Covered
Bonds. In total Arion Bank has issued ISK 53,260m 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.