Arion Bank hf.: Senior preferred bond in ISK offering results
Today Arion Bank hf. has concluded a sale of senior preferred bonds in the series ARION 28 1512 for a total of ISK 2,560 m.
The inflation linked bond ARION 28 1512 was sold for an amount of ISK 2,560m at a yield of 4.44%. The bond will pay coupon semi-annually with one payment of principal at maturity date. Final maturity date will be December 15th 2028. The size of the series following the issuance will be ISK 11,300m.
The bonds are scheduled to be admitted to trading on Nasdaq Iceland on June 18th 2024.
The bonds will be issued under Arion Bank’s EUR 3,000m Euro Medium Term Note (EMTN) Programme. The EMTN Base Prospectus is available here: EMTN Base Prospectus.
The offering is managed by Arion Bank Capital Markets.
