Today Arion Bank hf. has concluded sale of covered bond serie.
A total of 29 bids for ISK 5,220m were received in the series ARION CBI 29 at 0.79–0.858% yield. Bids in the amount of ISK 1,980m were accepted at 0.81% yield.

Holders of series ARION CB 22 were offered to sell in the series against ARION CBI 29  at clean price of 101.71. The exchange offer results in Arion Bank buying ISK 2,040m in the series ARION CB 22.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 17 February 2022.
The offering was managed by Arion Bank fixed income sales.