Today, Arion bank issued a EUR 300 million senior preferred notes. The notes have a 6 year maturity and pay a coupon of 3.50% which corresponds to a spread of 120bps over mid-swaps.
The deal was close to 5x times oversubscribed with orders received from 105 investors spanning more than 20 countries across EMEA and APAC. Final books stood in excess of €1.45bn.
The joint lead managers were ABN AMRO Bank N.V., BofA Securities Europe SA, Citigroup Global Markets Europe AG and UBS Europe SE.
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