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Arion Bank announces completion of commercial papers offering.

NORDIC BUSINESS REPORT-July 12, 2019-Arion Bank announces completion of commercial papers offering

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Arion Bank hf (ICE:ARION), a provider of banking services in Iceland, announced on Thursday the completion of an offering of six-month and five-month commercial papers.

A total of 18 bids were received for the total amount of ISK2,980m and offers worth ISK1,680m were accepted.

According to the company, the five-month series attracted three bids totalling ISK400m at a flat rate of 4.20% to 4.30%. No bids were accepted at this time.

The six-month series attracted 15 bids totalling ISK2,580m in total, at a flat rate of 4.17% to 4.30% Bids amounting to ISK1,680m at 4.20% flat rates were accepted.

These commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 19 July 2019.

(EUR1.00=ISK141.9)

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Publication:Nordic Business Report
Date:Jul 12, 2019
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