Correction - Offers for the 6-month series were accepted for ISK 560 million, not ISK 540 million.
Today Arion Bank completed an offering of 12-, 6- and 5-month commercial papers. In total, 14 bids were received for the total amount of ISK 3,820 million and offers worth ISK 560 million were accepted.
The 5-month series attracted 5 bids totaling ISK 600 million at a flat rate of 4.33% - 4.40%. All bids were rejected.
The 6-month series attracted 7 bids totaling ISK 3,020 million in total at a flat rate of 4.31% - 4.40%. Bids amounting to ISK 560 million at 4.34% flat rates were accepted.
The 12-month series attracted 2 bids totaling ISK 200 million in total at a flat rate of 4.50% - 4.65%. All bids were rejected.
The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 20 October.
For further information please contact Haraldur Gudni Eidsson of Arion Bank's Communications division at haraldur.eidsson@arionbanki.is, or tel. +354 856 7108