By Wendy Van Sickle
Columbus, Ohio, May 16 – Reykjavik Energy concluded an offering of additional green bonds, according to a press release on Tuesday.
As previously reported, the series OR020934GB and series OR0180255GB bonds pay a fixed real interest rate with a semiannual annuity amortization schedule and mature on Sept. 2, 2034 and Feb. 18, 2055, respectively.
The deal attracted bids totaling ISK 5.25 billion.
Specifically, the 2034 series attracted bids amounting to ISK 3.27 billion at a yield of 3.1% to 3.23%. The issuer accepted bids amounting to ISK 3.17 billion at a yield of 3.22%.
The 2055 series attracted bids amounting to ISK 1.98 billion at a yield of 2.92% to 3.02%. The issuer accepted bids amounting to ISK 1.98 billion at a yield of 3.02%.
Fossar Investment Bank oversees the issuance and sale of the bonds, including admission to trading on the Nasdaq market in Iceland with sustainable bonds.
Previously, the issuer issued ISK 14,557,000,000 of the 2034 bonds and ISK 23,221,000,000 of the 2055 bonds.
The public utility is based in Reykjavik, Iceland.
| Issuer: | Reykjavik Energy
|
| Amount: | ISK 5.15 billion
|
| Issue: | Green bonds
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| Agent: | Fossar Investment Bank
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| Closing date: | May 16
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| Series OR020934GB
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| Amount: | ISK 3.17 billion
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| Maturity: | Sept. 2, 2034
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| Yield: | 3.22%
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|
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| Series OR0180255GB
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| Amount: | ISK 1.98 billion
|
| Maturity: | Feb. 18, 2055
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| Yield: | 3.02%
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