Arion Bank will be offering new ISK denominated covered bonds series ARION CB 24 and ARION CBI 26 on 9 January 2019.
ARION CB 24 is a new fixed-rate series maturing in 2024. The bond bears 6% nominal interest with interest dates twice a year.
ARION CBI 26 is a new inflation-linked series maturing in 2026. The bond bears 2% nominal interest with interest dates twice a year.
Investors can choose to settle the covered bonds with cash or with the securities in the list below. The price of the securities will be determined by the mid yield at the close of the market on day of the offering.
| ISIN | Security |
| XS0195066146 | HFF150224 |
| XS0195066575 | HFF150434 |
| XS0195066658 | HFF150644 |
| IS0000024453 | RIKB 20 0205 |
| IS0000020717 | RIKB 22 1026 |
| IS0000019321 | RIKB 25 0612 |
| IS0000028249 | RIKB 28 1115 |
| IS0000020386 | RIKB 31 0124 |
| IS0000020014 | RIKS 21 0414 |
| IS0000020576 | RIKS 30 0701 |
| IS0000030732 | RIKS 26 0216 |
According to Arion Bank’s new issuance schedule the Bank intends to offer ISK denominated covered bonds on the first Wednesday of every month throughout the year. See the Bank’s website for the issuance schedule: http://wwwv2.arionbanki.is/english/about-us/i...-schedule/
For further information please contact Investor relations, at ir@arionbanki.is
