Arion banki hf.
Arion Bank issues bonds in Norwegian kroner
Arion banki hf. 30.06.2015 15:22 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Earlier today Arion Bank completed a bond issue in Norwegian kroner, issuing NOK 500 million of 5-year instruments. The bonds bear floating NIBOR plus 2.95%. Arion Bank has simultaneously entered a swap agreement, whereby part of the interest and principal are in euros. Interest in euros is floating EURIBOR + 2.74%. The issue was oversubscribed. The bonds were sold to investors in Norway, Sweden, Finland, Denmark and continental Europe. Pareto Securities arranged the bond issue for Arion Bank. At the same time, Arion Bank has also bought back NOK 260 million of bonds from a 2013 issue. The Bank had previously bought NOK 59 million and has now bought back NOK 319 million of a NOK 500 million issue from 2013. Arion Bank has also paid ISK 10 billion of a subordinated loan from the Icelandic treasury before the due date. This is the second time this year that Arion Bank has paid down a subordinated loan in advance, and the Bank has now paid a total of ISK 20 billion of a subordinated loan of approximately ISK 30 billion. The loan was granted at the beginning of 2010 in connection with the recapitalization of the Bank. For further information please contact Eiríkur Magnús Jensson, Head of Funding, eirikur.jensson@arionbanki.is, Tel: +354 856 7468 News Source: NASDAQ OMX 30.06.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Arion banki hf. Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000021186 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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