By Devika Patel
Knoxville, Tenn., Feb. 13 – Orkuveita Reykjavikur completed an offering of 36-year green bonds and accepted bids for ISK 3,528,000,000 of bonds, according to a press release. Fossar Markets was the agent.
Bids totaled ISK 6,258,000,000 at a yield of 2.5% to 2.7%. The company accepted bids totaling ISK 3,528,000,000 at a yield of 2.6%.
Proceeds will be used to finance an array of green projects within the company, with the goal of reducing carbon emissions by 60% by 2030.
The energy and utility company is based in Reykjavik, Iceland.
| Issuer: | Orkuveita Reykjavikur
|
| Securities: | Green bonds
|
| Amount: | ISK 3,528,000,000
|
| Maturity: | Feb. 18, 2055
|
| Yield: | 2.6%
|
| Agent: | Fossar Markets
|
| Settlement date: | Feb. 13
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
