Malms vann Mœra hilmir
munnrjóðr, es kom sunnan,
gang, þars gamlir sprungu
geirar, upp at Leiru.
Varð fyr víga Njǫrðum
Varrandi sjá fjarri
brenndr á byggðu landi
— bœr heitir svá — Peitu.
Malms munnrjóðr, hilmir Mœra, vann, es kom sunnan, gang upp at Leiru, þars gamlir geirar sprungu. Varrandi, fjarri sjá á byggðu landi Peitu, varð brenndr fyr Njǫrðum víga; bœr heitir svá.
The reddener of the mouth of the sword [(lit. ‘mouth-reddener of the sword’) SWORD BLADE > WARRIOR], the ruler of the Mœrir [NORWEGIAN KING = Óláfr], when he came from the south, fought his way up to the Loire, where old spears shattered. Varrandi, far from the sea in the settlements of Poitou, was burned for the Nirðir <gods> of battles [WARRIORS]; the town is so named.
 fyr Njǫrðum víga ‘for the Nirðir <gods> of battles [WARRIORS]’: The prep. fyr could mean either ‘before’, hence ‘(burned) by’, with the kenning referring to the attacking Scandinavian warriors (so Kock, NN §2470; Fell 1981b), or ‘for, to the disadvantage of’ (cf. Note to Hfr ErfÓl 24/8), referring to the inhabitants of the town (so ÍF 27). The translation here assumes the latter, since otherwise this would be the only full stanza without any mention of Óláfr’s opponents.
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