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Arion Bank Concludes ISK 1,480 Million Covered Bond Sale

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Arion Bank Concludes ISK 1,480 Million Covered Bond Sale

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Arion Banki hf Shs Swedish DR ( (SE:ARION) ) has provided an announcement.

Arion Bank has successfully completed a covered bond sale in the ARION CBI 31 series, raising ISK 1,480 million at a 3.39% yield. This issuance, managed by Arion Bank Capital Markets, will increase the total size of the series to ISK 9,060 million and is set to be listed on Nasdaq Iceland, potentially enhancing the bank’s market presence and liquidity.

More about Arion Banki hf Shs Swedish DR

Arion Banki hf is a financial institution based in Reykjavik, Iceland, providing a range of banking services. The bank focuses on offering financial products such as covered bonds, which are integral to its capital markets operations.

Average Trading Volume: 39,463

Technical Sentiment Signal: Buy

Current Market Cap: SEK18.44B

Find detailed analytics on ARION stock on TipRanks’ Stock Analysis page.

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