Arion banki hf.
Arion Bank hf. covered bond tap issue

Arion banki hf. 

08.06.2015 13:23

Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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On Friday Arion Bank hf. concluded the sale of two inflation-linked covered
bonds listed on the Nasdaq Iceland. 

The inflation linked issue ARION CBI 21 was tapped for an amount of ISK
600,000,000 at a yield of 3.31% and the inflation linked issue ARION CBI 29 was
tapped for an amount of ISK 3,120,000,000 at a yield of 3.45%. 

Bond series are indexed to the CPI and have been admitted to trading on Nasdaq
Iceland. According to Arion Bank's issuance schedule the next inflation linked
auction is in September. 

Covered bonds are used to finance Arion Bank's retail mortgage business. Arion
Bank currently offers inflation linked retail mortgages at 3.90% fixed interest
rate for five years and 3.85% variable interest rate. 



For further information please contact Haraldur Guðni Eiðsson of Arion Bank's
Communications division, haraldur.eidsson@arionbanki.is, or tel. +354 444 7108.
News Source: NASDAQ OMX



08.06.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Arion banki hf.
              
               
              Iceland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         IS0000021186
WKN:          
 
End of Announcement                             DGAP News-Service
 
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