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Arion Banki — Capital/Financing Update 2021
Dec 14, 2021
2189_rns_2021-12-14_ecc2620c-798d-4014-a71c-7b239b053ea0.html
Capital/Financing Update
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Arion Bank: Green bond offering on 16 December 2021
Arion Bank: Green bond offering on 16 December 2021
Arion Bank will be offering ISK-denominated green bonds in a new series, ARION 26 1222 GB, on Thursday 16 December 2021. The bonds will be issued under the Bank´s Green Financing Framework and listed on Nasdaq Iceland.
The bonds will pay fixed interest. Principal is repaid in one payment at maturity, 22 December 2026.
Expected settlement date is Wednesday 22 December 2021.
The offering will be managed by Arion Bank fixed income sales. All offers shall be submitted by email to skuldabrefa[email protected] before 16:00 on 16 December 2021.
More information available on Arion Banks website: https://wwwv2.arionbanki.is/english/about-us/investor-relations/debt-investors/green-bonds/
In accordance to Icelandic legislation no. 70/2020 article 85 (2) implementing BRRD, these bonds will qualify as Senior Preferred bonds. The terms and conditions of the bonds will be in accordance to Art. 72b(2) of CRR II, excluding article 72b(2)(d) regarding subordination.
For any further information please contact:
Eirikur Magnus Jensson, Head of Treasury at [email protected], tel. +354 856 7468 or Theodór Friðbertsson, Head of Investor Relations at Arion Bank, [email protected], tel. +354 856 6760
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