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Published: 2024-03-04 12:20:00 CET
Arion Bank hf.
Other information disclosed according to the rules of the Exchange
Arion Bank: Covered Bond Auction on March 6th 2024.

Arion Bank will offer ISK-denominated covered bonds in the series ARION CBI 30 and ARION CB 27 on Wednesday, March 6th 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 CB 24 will have the opportunity to exchange the series for covered bonds in the aforementioned auction. The clean price of the exchange offering is 99.6985.

The expected settlement date is on March 13th 2024. Both cash and ARION CB 24 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 March 6th 2024 by email to skuldabrefamidlun@arionbanki.is.

For any further information please contact:

Theodór Friðbertsson, Head of 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

Attachments:
Arion Bank Covered Bond Auction on March 6th 2024..pdf

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Arion banki hf. published this content on 04 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2024 11:29:04 UTC.