Correction - Arion bank – Covered Bonds (ARION CB 19) admitted to trading on 16 December 2016 - Published: 2016-12-15 11:25:07 CET
The fields “Total issued amount” and “Amount admitted to trading at this time” were incorrect in the previously published terms. The correct amount is 1.540.000.000.
| Term Sheet | |
| Issuer: | Arion Bank hf. |
| Org. no: | 581008-0150 |
| Address: | Borgartun 19,105 Reykjavík, Iceland |
| Bonds/bills: | Bonds |
| Symbol (Ticker) | ARION CB 19 |
| ISIN code | IS00000 |
| CFI code | D-T-F-U-F-R |
| Registered at ISD | Yes |
| Amortization type | Bullet Bond |
| Country | Iceland |
| Currency | ISK |
| Date of admission to trading | 16.12.2016 |
| Order book ID | 130556 |
| Instrument subtype | Corporate Bonds |
| Market | OMX ICE CP Fixed Income |
| List population name | OMX ICE Bank Bonds |
| Denomination in CSD | 20.000.000 |
| Size limit | 1.000.000.000 EUR |
| Total issued amount | 1.540.000.000 ISK |
| Amount admitted to trading at this time | 1.540.000.000 ISK |
| Issue date | Friday, December 16, 2016 |
| First ordinary installment date | Monday, December 16, 2019 |
| Total number of installments | 1 |
| Installment frequency | N/A |
| Maturity date | Monday, December 16, 2019 |
| Interest rate | 5,50% |
| Floating interest rate | N/A |
| Premium | N/A |
| Simple/compound interest | Simple |
| Day count convention | 30/360 |
| Interest from date | Friday, December 16, 2016 |
| First ordinary coupon date | Friday, June 16, 2017 |
| Coupon frequency | 2.per year |
| Total number of coupon payments | 6 |
| Indexed | No |
| Name of index | N/A |
| Daily index or monthly index | NA |
| Base index value | N/A |
| Index base date | N/A |
| Dirty price / clean price | Clean price |
| Call option | No |
| Put option | No |
| Convertible | No |
| Additional information | Possible extended final maturity date to 16 December 2022 |
| Market making | yes |
| Credit rating (rating agency, date) | iAAA outlook stable (Reitun, June 2016) |
| Securities depository | Nadaq CSD |
| 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 |
