Arion Bank hf. completes bond offering

On Friday 18 January Arion Bank hf. completed its third non-indexed fixed rate covered bond offering, issuing ISK 1,820 million worth of bonds in the series Arion CB 15. The size of the series after the increase is ISK 4,340 million.

The series is expected to be admitted for trading on NASDAQ OMX Iceland in January. Further information regarding the listing will be available at a later date. The bonds bear 6.50% nominal interest and mature in 2015. The yield is 6.50%.