Arion Banki — Capital/Financing Update 2021

Nov 3, 2021

Arion Bank hf.: Covered bond offering results

Arion Bank hf.: Covered bond offering results

Today Arion Bank hf. has concluded sale of covered bonds.

A total of 8 bids for ISK 2,160m were received in the series ARION CB 24 at 3.78–3.87% yield. Bids in the amount of ISK 1,720m were accepted at 3.85% yield.

In line with the auction announcement, Arion Bank offered to buy ARION CBI 21 as payment towards the purchase of bonds in the auction. No offers were received.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 10 November 2021.

For any further information please contact:

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Eirikur Magnus Jensson, Head of Treasury at eirikur.jensson@arionbanki.is, tel. +354 856 7468 or Theodór Friðbertsson, Head of Investor Relations at Arion Bank, ir@arionbanki.is, tel. +354 856 6760

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