Today, Arion bank issued a EUR 300 million senior preferred notes. The notes have a maturity of long 5 year and pay a coupon of 3.625% which corresponds to a spread of 130bps over mid-swaps.
The deal was more than 4x times oversubscribed with orders received from more than 140 investors. Final books stood around €1.3bn.
The Dealer Managers were Barclays, Deutsche Bank, J.P. Morgan and Nomura.
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