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Orkuveita Reykjavikur auctions two green bonds due 2034, 2055
Chicago, March 12 – Orkuveita Reykjavikur (Reykjavik Energy) auctioned two green bonds, according to a press release.
The company accepted ISK 875 million of the bids for the OR020934 bond due Sept. 2, 2034 at a yield of 3.79%. Investors submitted ISK 1.075 billion of bids, with yields between 3.73 and 3.85%. There are ISK 21.607 billion of bonds in this category already issued.
For the OR180255 green bond due Feb. 18, 2055, investors submitted ISK 900 million of orders within a yield bid range of 3.2% to 3.38%. The company accepted ISK 600 million of the bids at a yield of 3.25%. There are ISK 29.921 billion of the bonds previously issued.
Fossar Investment Bank oversees the issuance and sale of the bonds as well as their admission to trading on the Nasdaq market in Iceland with sustainable bonds.
The energy and utility company is based in Reykjavik, Iceland.
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