Arion Banki
Correction: Arion Bank hf.: Covered Bond Offering Results. Published: 2024-02-08 17:40
The exchange offering results were incorrect in previously published announcement. Correct amount of ARION CB 24 is ISK 780m.
Today Arion Bank hf. has concluded a sale of a covered bonds in the series ARION CB 27 and ARION CBI 30 for a total of ISK 2,620 m.
In the series ARION CB 27 a total of 13 bids for ISK 3,120m were received at a yield in the range of 8.25 – 8.34%. Bids in the amount of ISK 2,620m were accepted at a 8.30% yield. The Bank is issuing an additional ISK 4,000m in the series for its own use. The total size of the series following the issuance will be ISK 47.620m.
In the series ARION CBI 30 a total of 13 bids for ISK 3,740m were received at a yield in the range of 3.52 - 3.61%. No bids were accepted.
In accordance with the offering announcement, holders of ARION CB 24 were offered to sell their holdings in the series at a predetermined clean price of 99.419 in exchange for subscriptions made in the offering. The exchange offer results in Arion Bank buying back ISK 780m in the series ARION CB 24.
The bonds are scheduled to be admitted to trading on Nasdaq Iceland on February 15th 2024.
The bonds will be issued under Arion Bank´s covered bond programme. The Base Prospectus is available here.
The offering is managed by Arion Bank Capital Markets.
| Datum | 2024-02-08, kl 20:00 |
| Källa | MFN |
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