Today Arion Bank concluded a closed bond offering for the new series ARION 26 1222 GB for total of ISK 3,640m. This marks Arion Bank´s first green bond issuance in ISK. The bonds were sold in a private placement to a wide range of domestic investors.
The bonds will pay fixed 4.70% interest. Principal is repaid in one payment at maturity, 22 December 2026. The bonds will be issued under the Bank´s Green Financing Framework and listed on Nasdaq Iceland. The Framework sets out clearly and transparently the conditions which the Bank’s loans need to meet in order to be considered green.
Further information: https://wwwv2.arionbanki.is/english/about-us/investor-relations/debt-investors/green-bonds/

The bonds are expected to be listed on Nasdaq Iceland on Wednesday 22 December 2021.

The offering was managed by Arion Bank fixed income sales.