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Regulatory press release

Arion Bank issues EUR 300 million senior preferred notes

Arion Bank
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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

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Arion Bank issues EUR 300 million senior preferred notes

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