Arion Bank hf.: Arion Bank issues EUR 300 million senior preferred notes

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Published: 2024-05-13 18:56:00 CEST

Arion Bank hf.
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Arion Bank hf.: Arion Bank issues EUR 300 million senior preferred notes

Today, Arion bank issued a EUR 300 million senior preferred notes. The notes have a maturity of 4.5 years and pay a coupon of 4.625% which corresponds to a spread of 175bp over mid-swaps.

The deal was more than 8.5 times oversubscribed with orders received from more than 190 investors spanning over 25 countries across EMEA and APAC. Final books stood around €2.6bn.

The strength of the orderbook allowed Arion Bank to print the tightest Icelandic bank EUR Senior Preferred instrument in over 2-years.

The Dealer Managers were Barclays, Morgan Stanley, ABN Amro and JP Morgan.

Attachments:
Arion Bank hf. Arion Bank issues EUR 300 million senior preferred notes.pdf

Arion Bank hf. Other information disclosed according to the rules of the Exchange

Arion Bank hf.: Arion Bank issues EUR 300 million senior preferred notes

Arion Bank hf.
Other information disclosed according to the rules of the Exchange