Correction: Accepted offers for the 5-month series amounted to ISK 600 million, not ISK 500 million.
Today Arion Bank completed an offering of 12-, 6- and 5-month commercial papers. In total, 35 bids were received for the total amount of ISK 5,940 million and offers worth ISK 3,120 million were accepted.
The 5-month series attracted 12 bids totaling ISK 1,640 million at a flat rate of 4.25% - 4.36%. Bids amounting to ISK 600 million at 4.32% flat rates were accepted.
The 6-month series attracted 20 bids totaling ISK 4,080 million in total at a flat rate of 4.20% - 4.37% Bids amounting to ISK 2,520 million at 4.33% flat rates were accepted.
The 12-month series attracted 3 bids totaling ISK 220 million in total at a flat rate of 4.55% - 4.79%. All bids were rejected.
The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 20 March.
For further information please contact Haraldur Gudni Eidsson of Arion Bank's Communications division at haraldur.eidsson@arionbanki.is, or tel. +354 856 7108