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Regulatory press release

Arion Bank issues green EUR 300 million senior preferred notes

Arion Bank
Download the release

Today, Arion bank issued a green EUR 300 million senior preferred notes. The notes have a 3.5 year maturity and pay a coupon of 3.625% which corresponds to a spread of 88 bps over mid-swaps.

The deal was 8x times oversubscribed with orders received from 124 investors spanning more than 26 countries across EMEA and APAC. Final books stood in excess of EUR 2.4bn.

The bonds will be issued under the bank’s EMTN programme with reference to the bank’s sustainable finance framework, which has been reviewed by ISS Corporate as second-party opinion provider.

The joint lead managers were BofA Securities, Deutsche Bank, J.P Morgan and Natwest

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

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Arion Bank issues green EUR 300 million senior preferred notes