Arion Banki Hf (ARION)

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Arion Banki Hf (ARION)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	ARION	Arion Banki Hf	€300		1	EMEA	May 16, 2023

Tranche #1Arion Banki Hf

currency

EUR

size (m)

300.000

maturity

May 25, 2026

type

Fixed

tenor

3.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Senior

moody's

Baa1

s&p

fitch

re-open/tap

ipt

7.625% a

ipt-pxd

guidance

7.375%

spread

407.4

coupon

7.25%

spread set

price

100.00000

yield

7.25%

book size (m)

690

peak book (m)

x-covered

2.3

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

690

peak book (m)

x-covered

2.3

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

3 yr: Book size: 690; Registration: Reg S Only; Comments: EUR300m WNG 3yr SP RegS. Baa1/NR/NR. Barc/DB/UBS. IPTs yield 7.625% area (equiv MS+448 area), guidance 7.375% (+/- 0.125% wpir), launch 7.25%, final MS+407.4. Books subject 690m+ pre-rec. OBL 0% 04/26 #183 @ 93.281 / 2.431% / +481.9bps (HR 99%). With EUR300m 0.625% 2024 tender offer. FTT 3:50pm. Regulatory Call: Upon occurrence of MREL Disqualification Event. LEI: RIL4VBPDB0M7Z3KXSF19;

Deal Comments

Preferred Note

Use of Proceeds

General Corporate Purposes

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