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Arion Bank issues green EUR 300 million senior preferred notes
Arion Bank issues green EUR 300 million senior preferred
About this update from Arion Banki Hf
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 , [email protected], tel. +354 856 6760 or Eirikur Dor Jonsson, Head of Treasury at Arion Bank , [email protected], tel. +354 856 7171 Attachments Arion Bank issues green EUR 300 million senior preferred notes © Modular Finance, source Nordic Press Releases