Arion bank – Covered Bonds (ARION CBI 25) admitted to trading on 12 April 2017
| Source:
NASDAQ Iceland hf.
NASDAQ Iceland hf.
Term Sheet
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Issuer: |
Arion Bank hf. |
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Org. no: |
581008-0150 |
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Address: |
Borgartun 19,105 Reykjavík, Iceland |
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Bonds/bills: |
Bonds |
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Symbol (Ticker) |
ARION CBI 25 |
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ISIN code |
IS0000028660 |
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CFI code |
D-B-F-U-F-R |
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Registered at ISD |
Yes |
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Amortization type |
Bullet Bond |
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Country |
Iceland |
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Currency |
ISK |
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Date of admission to trading |
12.04.2017 |
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Order book ID |
136259 |
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Instrument subtype |
Corporate Bonds |
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Market |
OMX ICE CP Fixed Income |
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List population name |
OMX ICE Bank Bonds |
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Denomination in CSD |
20.000.000 |
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Size limit |
1.000.000.000 EUR |
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Total issued amount |
2.740.000.000 ISK |
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Amount admitted to trading at this time |
2.740.000.000 ISK |
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Issue date |
Wednesday, April 12, 2017 |
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First ordinary installment date |
Friday, April 11, 2025 |
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Total number of installments |
1 |
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Installment frequency |
N/A |
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Maturity date |
Friday, April 11, 2025 |
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Interest rate |
3,00% |
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Floating interest rate |
N/A |
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Premium |
N/A |
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Simple/compound interest |
Simple |
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Day count convention |
30/360 |
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Interest from date |
Wednesday, April 12, 2017 |
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First ordinary coupon date |
Thursday, October 12, 2017 |
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Coupon frequency |
2.per year |
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Total number of coupon payments |
16 |
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Indexed |
Yes |
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Name of index |
Consumer Price Index (CPI) |
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Daily index or monthly index |
Daily Index |
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Base index value |
439,71 |
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Index base date |
Wednesday, April 12, 2017 |
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Dirty price / clean price |
Clean price |
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Call option |
No |
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Put option |
No |
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Convertible |
No |
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Additional information |
Possible extended final maturity date to 12 April 2028 |
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Market making |
yes |
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Credit rating (rating agency, date) |
iAAA outlook stable (Reitun, June 2016) |
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Securities depository |
Nadaq CSD Iceland |
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Coordinator – admission to trading |
Arion Bank hf. |
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If irregular cash flow, then how |
N/A |
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If payment date is a bank holiday, does payment include accrued interest for days missing until next business day? |
No |