A discussion then took place as to what death Lyngvi should suffer; Regin counselled that the 'blood eagle' should be carved on his back. Then I handed to Regin his sword and with it he carved Lyngvi's back till he had severed the ribs from the spine; and then he drew out the lungs. Thus died Lyngvi with great courage.
Then Regin said:
Full seldom has a bolder warrior
Reddened the earth than Sigmund's murderer.
Hugin he feasted. Now with biting sword
The 'bloody eagle' on his back is scored.
Great spoil was taken there. Sigurth's sailors got the whole of it because he would not take any himself. The clothes and weapons taken were worth much gold.
Afterwards Sigurth slew Fafnir, and Regin also, because Regin had intended to deal treacherously with him. Sigurth took Fafnir's gold and rode away with it, and from that time on he was called Fafnisbani.
After that he rode up to Hindarheith where he found Brynhild. What passed between them is told in the story of Sigurth Fafnisbani.