By Sarah Lizee
Olympia, Wash., June 23 – Orkuveita Reykjavikur (Reykjavik Energy) accepted bids for ISK 2.86 billion of green bonds in two parts, according to a press release.
The series OR020934GB bonds due Sept. 2, 2034 attracted bids amounting to ISK 2.41 billion at a yield of 0.9% to 1.02%. The company accepted bids amounting to ISK 1.42 billion at a yield of 0.91%.
The series OR0180255GB bonds due Feb. 18, 2055 attracted bids amounting to ISK 2.19 billion at a yield of 1.31% to 1.38%. The company accepted bids amounting to ISK 1.44 billion at a yield of 1.32%.
The bonds pay a fixed real-interest rate with a semiannual annuity amortization schedule.
Fossar Markets managed the process.
The green bond series will be listed on the Nasdaq Iceland Sustainable Bond market.
The energy and utility company is based in Reykjavik, Iceland.
| Issuer: | Orkuveita Reykjavikur
|
| Issue: | Green bonds
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| Amount: | ISK 2,855,000,000
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| Closing date: | June 23
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| Bonds due 2034
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| Amount: | ISK 1,415,000,000
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| Maturity: | Sept. 2, 2034
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| Yield: | 0.91%
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|
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| Bonds due 2055
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| Amount: | ISK 1.44 billion
|
| Maturity: | Feb. 18, 2055
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| Yield: | 1.32%
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