Arion Bank will offer ISK-denominated covered bonds in the series ARION CB 27 and ARION CBI 30 on Wednesday, August 14th 2024
The bonds will be offered in a single-price auction, where all accepted offers will be awarded at the highest accepted yield. Arion Bank reserves the right to accept or reject offers in part or in whole.
In connection with the auction, a covered bond exchange offering will take place. Holders of the covered bond ARION CBI 25 will have the opportunity to exchange the series for covered bonds in the aforementioned auction. The clean price of the exchange offering is 99.3942.
The expected settlement date is on August 21st 2024. Both cash and ARION CBI 25 exchange offering proceeds will be accepted as payment.
The auction is managed by Arion Bank Capital Markets. Offers shall be submitted before 16:00 GMT on August 14th 2024 by email to skuldabrefamidlun@arionbanki.is.
For any further information please contact:
Theodór Friðbertsson, Investor Relations at Arion Bank, ir@arionbanki.is, tel. +354 856 6760 or Eirikur Dor Jonsson, Head of Treasury at Arion Bank, eirikur.jonsson@arionbanki.is, tel. +354 856 7171