Arion readies debut AT1 ahead of tax changes in Iceland

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By David Freitas
13 Feb 2020

Arion Bank showed its eagerness to issue additional tier one (AT1) capital on Thursday as Icelandic banks get ready to benefit from a change in the national tax treatment of the instruments.

Arion said on Thursday that it had picked Barclays, Goldman Sachs and Morgan Stanley to run investor meetings starting on Friday for its debut AT1.

The issuer is looking for a deal in dollars, and S&P is expected to rate it BB.

The notes will ...

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