By William Gullotti
Buffalo, N.Y., June 11 – Iceland Seafood International hf placed ISK 3.4 billion 5.65% unsecured four-year bonds, according to a company announcement.
The bond will accrue interest semiannually to be paid in a single disbursement on June 21, 2025.
Arion Bank advised Iceland Seafood on the matter.
This is the first unsecured corporate bond in the Icelandic capital market in many years.
The bond is expected to be admitted for trading on Nasdaq Iceland in upcoming weeks.
Iceland Seafood is a sales, processing and marketing company for frozen, salted and fresh seafood, operating eight different subsidiaries across Europe and North-America. Headquarters are in Reykjavik.
| Issuer: | Iceland Seafood International hf
|
| Issue: | Bonds
|
| Amount: | ISK 3.4 billion
|
| Maturity: | 2025
|
| Adviser: | Arion Bank
|
| Coupon: | 5.65%
|
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