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Arion Banki hf Shs Swedish DR ( (SE:ARION) ) has shared an update.
Arion Bank has launched a tender offer inviting holders of its €500 million Series 2021-1 0.050% fixed-rate covered bonds, maturing in October 2026, to tender their notes for cash up to a final acceptance amount, subject to conditions set out in a tender offer memorandum. The bonds are listed on the Luxembourg Stock Exchange, and Barclays Bank Ireland PLC is acting as sole dealer manager for the transaction.
Alongside the tender offer, Arion Bank plans to issue new euro-denominated fixed-rate covered bonds under its €3.5 billion European Covered Bond (Premium) Programme, subject to market conditions, as it actively manages its funding profile. The move underscores the bank’s ongoing use of covered bond markets to optimize its liability structure and potentially extend or diversify its funding while complying with jurisdictional securities regulations.
More about Arion Banki hf Shs Swedish DR
Arion Bank is an Icelandic financial institution providing banking and related financial services, including funding through covered bond issuance in European capital markets. The bank uses instruments such as euro-denominated covered bonds under its European Covered Bond (Premium) Programme to support its balance sheet and funding strategy.
Average Trading Volume: 54,235
Technical Sentiment Signal: Buy
Current Market Cap: SEK20.13B
Learn more about ARION stock on TipRanks’ Stock Analysis page.