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Orkuveita Reykjavíkur - Green Bond Offering Results

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Today, June 23rd 2020 Orkuveita Reykjavikur (OR; Reykjavik Energy) concluded its closed green bond offering in the series OR020934 GB and OR0180255 GB. The bonds pay a fixed real-interest rate with a semiannual annuity amortization schedule and have a final maturity on September 2nd 2034 and February 18th 2055 respectively.

The series attracted bids totaling ISK 4,595m nominal.

OR020934 GB attracted bids amounting to ISK 2,405m at a yield of 0.90%-1.02%. OR accepted bids amounting to ISK 1,415m at a yield of 0.91%. OR0180255 GB attracted bids amounting to ISK 2,190m at a yield of 1.31%-1.38%. OR accepted bids amounting to ISK 1,440m at a yield of 1.32%.

Fossar Markets managed the process on behalf of OR. The green bond series will be listed on the Nasdaq Iceland Sustainable Bond market.

For further information please contact:

Ingvar Stefánsson, CFO, tel: +354 516 6100, email: ingvar.stefansson@or.is

Matei Manolescu, Capital Markets, Fossar Markets, tel: +354 522 4008, email: matei.manolescu@fossarmarkets.com