Bifogade filer
Arion Bank: Subordinated Bond Offering in ISK Results
Prenumeration
Beskrivning
| Land | Island |
|---|---|
| Lista | Large Cap Iceland |
| Sektor | Finans |
| Industri | Bank |
Today Arion Bank has concluded a sale of a new series of ISK denominated Tier 2 subordinated bonds, ARION T2I 36, for a total of ISK 10,040 m.
In the series ARION T2I 36 a total of 52 bids for ISK 15,520 m were received at a yield in the range of 4.73 – 5.49%. Bids in the amount of ISK 10,040 m were accepted at a 5.09% yield.
ARION T2I 36 is CPI-linked with semiannual interest payments and one payment of principal at maturity. Final maturity date will be in December 2036, with a first call date in December 2031 and at every interest payment date thereafter (11.5NC6.5).
The bonds are scheduled to be admitted to trading on Nasdaq Iceland on June 2nd 2025.
The bonds will be issued under Arion Bank´s EUR 3.000m Euro Medium Term Note (EMTN) Programme. The EMTN Base Prospectus is available here. The offering was not intended for retail investors.
The offering was managed by Arion Bank Capital Markets.