Arion bank – Covered Bonds (ARION CBI 25) admitt
Post# of 301275
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Posted On: 04/11/2017 6:00:18 AM
Arion bank – Covered Bonds (ARION CBI 25) admitted to trading on 12 April 2017
| Term Sheet | |
| Issuer: | Arion Bank hf. |
| Org. no: | 581008-0150 |
| Address: | Borgartun 19,105 Reykjavík, Iceland |
| Bonds/bills: | Bonds |
| Symbol (Ticker) | ARION CBI 25 |
| ISIN code | IS0000028660 |
| CFI code | D-B-F-U-F-R |
| Registered at ISD | Yes |
| Amortization type | Bullet Bond |
| Country | Iceland |
| Currency | ISK |
| Date of admission to trading | 12.04.2017 |
| Order book ID | 136259 |
| 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 | 2.740.000.000 ISK |
| Amount admitted to trading at this time | 2.740.000.000 ISK |
| Issue date | Wednesday, April 12, 2017 |
| First ordinary installment date | Friday, April 11, 2025 |
| Total number of installments | 1 |
| Installment frequency | N/A |
| Maturity date | Friday, April 11, 2025 |
| Interest rate | 3,00% |
| Floating interest rate | N/A |
| Premium | N/A |
| Simple/compound interest | Simple |
| Day count convention | 30/360 |
| Interest from date | Wednesday, April 12, 2017 |
| First ordinary coupon date | Thursday, October 12, 2017 |
| Coupon frequency | 2.per year |
| Total number of coupon payments | 16 |
| Indexed | Yes |
| Name of index | Consumer Price Index (CPI) |
| Daily index or monthly index | Daily Index |
| Base index value | 439,71 |
| Index base date | Wednesday, April 12, 2017 |
| Dirty price / clean price | Clean price |
| Call option | No |
| Put option | No |
| Convertible | No |
| Additional information | Possible extended final maturity date to 12 April 2028 |
| Market making | yes |
| Credit rating (rating agency, date) | iAAA outlook stable (Reitun, June 2016) |
| Securities depository | Nadaq CSD Iceland |
| 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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