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Arion Banki hf Shs Swedish DR ( (SE:ARION) ) has provided an announcement.
Arion Bank has tapped the international bond market with a €300 million green senior preferred note issue, structured under its Euro Medium Term Note programme and aligned with its sustainable finance framework. The 3.5-year bonds carry a 3.625% coupon, priced at 88 basis points over mid-swaps, signalling competitive funding costs for the Icelandic lender.
Investor demand was strong, with the deal reportedly eight times oversubscribed and attracting orders from 124 investors across more than 26 countries in EMEA and APAC, resulting in a final order book exceeding €2.4 billion. The transaction, led by a syndicate including BofA Securities, Deutsche Bank, J.P. Morgan and NatWest, underscores robust international appetite for Arion Bank’s credit and supports its positioning in the growing green bond market.
More about Arion Banki hf Shs Swedish DR
Arion Bank is an Icelandic financial institution headquartered in Reykjavik, operating in the banking industry with a focus on retail and corporate banking services. The bank also participates in international capital markets funding, including through its Euro Medium Term Note (EMTN) programme and sustainable finance instruments aligned with its green financing framework.
Average Trading Volume: 52,755
Technical Sentiment Signal: Buy
Current Market Cap: SEK19.67B
Find detailed analytics on ARION stock on TipRanks’ Stock Analysis page.