Arion Bank Launches ARION CBI 31 Covered Bond Auction and Exchange Offer

The latest announcement is out from Arion Banki hf Shs Swedish DR ( (SE:ARION) ).

Arion Bank plans to issue ISK‑denominated, inflation‑linked covered bonds in its ARION CBI 31 series, which carry a fixed 3.65% coupon and mature on 20 August 2031. The bonds will be sold via a single‑price auction, with all successful bids allocated at the highest accepted yield, and the bank retaining discretion to accept or reject offers in full or in part.

Alongside the new issuance, Arion Bank will run an exchange offer that allows holders of its ARION CBI 26 covered bonds to swap into the longer‑dated ARION CBI 31 series at a clean price of 100.0. Settlement is expected on 12 March 2026, and investors can pay either in cash or with proceeds from exchanging ARION CBI 26, underscoring the bank’s ongoing efforts to extend maturities and optimize its covered bond profile.

More about Arion Banki hf Shs Swedish DR

Arion Banki hf. is an Icelandic financial institution providing banking and capital markets services to retail and corporate clients. The bank is an active issuer in the Icelandic covered bond market, using ISK‑denominated covered bonds to fund its lending activities and manage its balance sheet structure.

Average Trading Volume: 52,792

Technical Sentiment Signal: Buy

Current Market Cap: SEK20.38B

See more data about ARION stock on TipRanks’ Stock Analysis page.