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	$125		1	EMEA	Sep 17, 2024

Tranche #1Arion Banki Hf

currency

USD

size (m)

125.000

maturity

type

Fixed

tenor

Perp

call

5.50

registration

Reg S Only

benchmark

ranking

Additional Tier 1

moody's

Ba2

s&p

fitch

re-open/tap

ipt

8.625% a

ipt-pxd

guidance

spread

coupon

8.125%

spread set

price

100.00000

yield

8.125%

book size (m)

240

peak book (m)

x-covered

1.92

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

240

peak book (m)

x-covered

1.92

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

P NC 5.5: Book size: 240; First Pay: 2025-03-24; Redemption: 2029-09-24; Registration: Reg S Only; Comments: USD125m WNG perp NC5.5 AT1 RegS. Ba2/NR. BofA/MS/UBS(B&D). With USD100m AT1 tender offer. IPTs 8.625% area s/a cpn, launch 125m at 8.125%. Final bks 240m+ incl 10m JLM, peak 350m+. Reset margin + 467.5. Tax Call: Yes. Reset Date: 2030-03-24. Regulatory Call: Capital Disqualification Event. LEI: RIL4VBPDB0M7Z3KXSF19;

Deal Comments

Additional Tier 1

Use of Proceeds

General Corporate Purposes

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