Arion Bank hf. (the “Bank”) hereby gives notice to holders of the subordinated ISK 4,800,000,000 Inflation Linked Subordinated Notes, ISIN: IS0000031334, due January 2030 (the “Notes”) that, having obtained the prior approval of the Financial Supervisory Authority of the Central Bank of Iceland, the Bank will redeem the Notes in full on the first optional redemption date, 4 January 2025, pursuant to Condition 7.6 of the Notes.
Following such redemption of the Notes, the Notes will be cancelled pursuant to Condition 7.11 of the Notes.
For any further information please contact:
Theodór Friðbertsson, Investor Relations at Arion Bank, ir@arionbanki.is, tel. +354 856 6760 or Eirikur Dor Jonsson, Head of Treasury at Arion Bank, eirikur.jonsson@arionbanki.is, tel. +354 856 7171