Orkuveitan - Green Bond Auction August 22nd
August 15 2024 - 4:26PM
UK Regulatory
Orkuveitan - Green Bond Auction August 22nd
Reykjavík Energy (Orkuveita Reykjavíkur) is holding a bond
auction on Tuesday, June 11th, 2024. Bonds in the green
bond classes OR020934 GB and OR180255 GB as well as a new green
bond class OR280845 GB will be offered for sale.
OR020934 GB bears fixed indexed interest and pays equal payments
every six months with a final maturity date of September
2nd, 2034. Previously, bonds with a nominal value of ISK
27,607 million have been issued in the class.
OR0280845 GB bears fixed indexed interest and pays equal
payments every six months with a final maturity date of August
28th, 2045. The bond carries 3.70% fixed interest and is
redeemable after 13 years.
OR0180255 GB bears fixed indexed interest and pays equal
payments every six months with a final maturity date of February
18th, 2055. Previously, bonds with a nominal value of
ISK 34,246 million have been issued in the class.
Fossar Investment Bank hf. oversees the issuance and sale of the
bonds as well as their admission to trading on the Nasdaq
sustainable bonds market in Iceland.
Bids must be submitted to the email address
utbod@fossar.is before UTC 17:00 on Thursday, August
22nd, 2024. Transactions will be settled on Thursday,
August 29th, 2024.
Contacts:
Snorri Hafsteinn Þorkelsson, CFO, tel: +354 516 6100, email:
snorri.hafsteinn.þorkelsson@or.is
Matei Manolescu, Fossar Investment Bank, tel: +354 522 4008,
email: matei.manolescu@fossar.is