New Issue: Reykjavik Energy sells ISK 3.92 billion green bonds in two parts

By Wendy Van Sickle

Columbus, Ohio, Oct. 31 – Reykjavik Energy (Orkuveita Reykjavikur) sold ISK 3.92 billion of green bonds in two parts, one new and one an add-on to an existing bond, according to a news release.

The company accepted bids for of ISK 720 million of new 7% bonds due Nov. 16, 2026 at a yield of 7.14%. This series attracted ISK 1.23 billion of bids at yields between 7% and 7.24%.

Also, Reykjavik Energy accepted bids for an additional ISK 3,202,000,000 fixed-indexed interest notes due Sept. 2, 2034 at a yield of 2.94%. The add-on attracted ISK 5,792,000,000 of bids at yields between 2.82% and 3.1%.The company has previously issued ISK 9,415,000,000 of these bonds.

The public utility is based in Reykjavik, Iceland.

Issuer:	Reykjavik Energy
Issue:	Green bonds
Amount:	ISK 3,922,000,000
Settlement date:	Oct. 31
2026 bonds
Amount:	ISK 720 million
Maturity:	Nov. 16, 2026
Coupon:	7%
Yield:	7.14%
2034 add-on
Amount:	ISK 3,202,000,000
Maturity:	Sept. 2, 2034
Yield:	2.94%
Previous issue:	ISK 9,415,000,000

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