Today, August 22andOn July 17, 2024, Reykjavík Energy (Orkuveita Reykjavíkur) completed a green bond auction in the green bond classes OR020934 GB and OR180255 GB as well as a new green bond class OR280845 GB.
OR020934 GB has a fixed, indexed interest rate and pays equal installments every six months with a maturity date of September 2, 2034. Previously, bonds with a nominal value of ISK 27,607 million were issued in this category.
The series attracted bids totaling 800 million ISK in face value at yields ranging from 4.41% – 4.54%. OR accepted bids totaling 500 million ISK at a yield of 4.48%.
OR0280845 GB has a fixed, indexed interest rate and pays equal payments every six months with a maturity date of August 28, 2045. The bond has a fixed interest rate of 3.70% and is redeemable after 13 years.
The series attracted bids totaling 2,250 million ISK at yields ranging from 3.72% – 4.08%. OR accepted bids totaling 2,050 million ISK at a yield of 4.05%.
OR180255 GB has a fixed, indexed interest rate and pays equal installments every six months with a maturity date of February 18, 2055. Previously, bonds in this category were issued with a nominal value of ISK 34,246 million.
The series attracted bids totaling 1,290 million ISK in face value at yields ranging from 3.52% to 3.60%. OR accepted bids totaling 1,000 million ISK at a yield of 3.54%.
Fossar Investment Bank will oversee the issuance and sale of the bonds as well as their admission to trading on the Icelandic Nasdaq sustainable bond market.
Contacts:
Snorri Hafsteinn Þorkelsson, CFO, Tel.: +354 516 6100, Email: [email protected]
Matei Manolescu, Fossar Investment Bank, Telephone: +354 522 4008, Email: [email protected]
