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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: firstname.lastname@example.org
Matei Manolescu, Capital Markets, Fossar Markets, tel: +354 522 4008, email: email@example.com