Arion bank – Covered Bonds (ARION CBI 29) admitted to
Arion bank – Covered Bonds (ARION CBI 29) admitted to trading on 17 December 2014 | Term Sheet |
| Issuer: | Arion Bank hf. |
| Org. no: | 581008-0150 |
| Address: | Borgartun 19, 105 Reykjavik, Iceland |
| |
| Bonds/bills: | Bonds |
| Symbol (Ticker) | ARION CBI 29 |
| ISIN code | IS0000025385 |
| CFI code | D-B-F-U-F-R |
| Registered at ISD | Yes |
| Amortization type | Bullet |
| Country | Iceland |
| Currency | ISK |
| Date of admission to trading | 17.12.2014 |
| Order book ID | 105120 |
| Instrument subtype | Corporate Bonds |
| Market | OMX ICE CP Fixed Income |
| List population name | OMX ICE Bank/Savings Bank bonds |
| Denomination in CSD | 20,000,000 |
| Size limit | € 1,000,000,000 Covered Bond Programme |
| Total issued amount | 5,320,000,000 |
| Amount admitted to trading at this time | 5,320,000,000 |
| Issue date | Tuesday, December 16, 2014 |
| First ordinary installment date | Sunday, December 16, 2029 |
| Total number of installments | 1 |
| Installment frequency | 1 |
| Maturity date | Sunday, December 16, 2029 |
| Interest rate | 3.5% |
| Floating interest rate | N/A |
| Premium | N/A |
| Simple/compound interest | Simple |
| Day count convention | 30/360 |
| Interest from date | 16.12.2014 |
| First ordinary coupon date | 16.06.2015 |
| Coupon frequency | 2 |
| Total number of coupon payments | 30 |
| Indexed | Yes |
| Name of index | Consumer Price Index (CPI) |
| Daily index or monthly index | Daily |
| Base index value | 422.1 |
| Index base date | 16.12.2014 |
| Dirty price / clean price | Clean price |
| Call option | No |
| Put option | No |
| Convertible | No |
| Additional information | Extended final maturity date: 16 December 2032 |
| Market making | Yes |
| Credit rating (rating agency, date) | No Credit Rating |
| Securities depository | Icelandic Securities Depository |
| Coordinator – admission to trading | Arion Bank hf. |
| If irregular cash flow, then how | N/A |
| If payment date is a bank holiday, does payment include accrued interest for days missing until next business day? | No |
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