Arion Bank completes commercial papers offering To
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Posted On: 02/14/2019 12:00:19 PM
Arion Bank completes commercial papers offering
Today Arion Bank completed an offering of 6- and 5-month commercial papers. In total, 16 bids were received for the total amount of ISK 4,400 million and offers worth ISK 3,780 million were accepted.
The 5-month series attracted 3 bids totaling ISK 300 million at a flat rate of 4.80% - 4.90%. All bids were rejected.
The 6-month series attracted 13 bids totaling ISK 4,100 million in total at a flat rate of 4.80% - 4.90% Bids amounting to ISK 3,780 million at 4.88% flat rates were accepted.
The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 20 February 2019.
For further information please contact Investor relations, at ir@arionbanki.is
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