Arion Bank plans three-year bond

By Helene Durand

Tue Mar 3, 2015 3:15am EST

LONDON, March 3 (IFR) - Arion Bank has opened books on a new three-year senior unsecured bond issue according to a lead.

The Icelandic bank is marketing the 300m transaction to investors at guidance of 325bp area over mid-swaps.

Citigroup, Deutsche Bank and Nomura are lead managers on the BB+ rated which will be priced later today. (Reporting by Helene Durand; editing by Alex Chambers)

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