Arion Bank has today concluded a sale of NOK 500m and SEK 500m green senior preferred floating rate bonds with 3-year maturity.
The bonds were priced at a spread of 120bp over 3-month NIBOR and STIBOR.
The issue was launched off Arion Bank‘s Sustainable Financing Framework. The Framework sets out clearly and transparently the conditions which the Bank’s loans need to meet in order to be considered environmentally friendly.
The bonds will be issued under the Bank’s EMTN programme and are expected to be admitted to trading on the Luxembourg Stock Exchange on 8 October 2024.
Arion Bank mandated DNB Markets, Nordea Bank Abp and Swedbank as Joint Lead Managers.