By William Gullotti
Buffalo, N.Y., April 17 – Reykjavik Energy concluded a green bond auction and issued additional green bonds from two classes, according to a press release on Wednesday.
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 3,295,000,000.
Specifically, the 2034 series attracted bids amounting to ISK 1.98 billion at a yield of 3.95% to 4.08%. The issuer accepted bids amounting to ISK 1.78 billion at a yield of 4.02%.
The 2055 series attracted bids amounting to ISK 1,315,000,000 at yields ranging of 3.4% to 3.52%. The issuer accepted bids amounting to ISK 1,215,000,000 at a yield of 3.5%.
As with previous issuances from the two series of bonds, 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 22,482,000,000 of the 2034 bonds and ISK 30,521,000,000 of the 2055 bonds.
The public utility is based in Reykjavik, Iceland.
Issuer: | Reykjavik Energy
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Amount: | ISK 2,995,000,000
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Issue: | Green bonds
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Agent: | Fossar Investment Bank
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Closing date: | April 17
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Series OR020934GB
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Amount: | ISK 1.78 billion
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Maturity: | Sept. 2, 2034
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Yield: | 4.02%
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Series OR0180255GB
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Amount: | ISK 1,215,000,000
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Maturity: | Feb. 18, 2055
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Yield: | 3.5%
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