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Published: 2022-10-31 21:04:54 CET
Orkuveita Reykjavíkur
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Orkuveita Reykjavíkur - Green Bond Offering Results

Today, October 31st  Orkuveita Reykjavíkur (OR; Reykjavik Energy) concluded a green bond offering in a new bond series, OR161126 GB and existing bond series OR020934 GB.

OR020934 GB bears fixed indexed interest and pays equal payments every six months with a final maturity date of September 2nd 2034. Previously, bonds have been issued with a nominal value of ISK 9,415 million in the category.

The series attracted bids totaling ISK 5,792m nominal value at yields between  2.82%-3,10%. OR accepted bids amounting to ISK 3,202m at a yield of 2,94%.

OR161126 GB is a new non-indexed bond class with an interest payment arrangement and bears 7.0% interest, payable four times a year until the final maturity on November 16th 2026.

The series attracted bids totaling ISK 1,230m nominal value at yields between  7.0%-7,24%. OR accepted bids amounting to ISK 720m at a yield of 7.14%.

Fossar Investment Bank oversees the issuance and sale of the bonds as well as their admission to trading on the Nasdaq market in Iceland with sustainable bonds.


Benedikt K. Magnússon, Reykjavík Energy CFO, tel. +354 516 6100, Benedikt.Kjartan.Magnusson@or.is

Matei Manolescu, Fossar Markets, tel. +354 522 4008, matei.manolescu@fossarmarkets.com