Reykjavík Energy | Green Bond Auction March 11th

Orkuveita Reykjavíkur (Reykjavík Energy; RE) is holding a bond auction on Tuesday, March 11^th, 2025. Bonds in the green bond classes OR031033 GB, OR280845 GB and OR180255 GB will be offered for sale.

OR031033 GB bears 8.30% fixed nominal interest and pays equal instalments every six months with a final maturity date of October 3^rd, 2033. Previously, bonds with a nominal value of ISK 7,775 million have been issued in the class and admitted to trading on Nasdaq Iceland.

OR0280845 GB bears fixed indexed interest and pays equal payments every six months with a final maturity date of August 28^th, 2045. The bond carries 3.70% fixed interest and is redeemable in the year 2037. Previously, bonds with a nominal value of ISK 7,850 million have been issued in the class and admitted to trading on Nasdaq Iceland.

OR0180255 GB bears fixed indexed interest and pays equal payments every six months with a final maturity date of February 18^th, 2055. Previously, bonds with a nominal value of ISK 37,416 million have been issued in the class and admitted to trading on Nasdaq Iceland.

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

Bids must be submitted to the email address utbod@fossar.is before UTC 17:00 on Tuesday, March 11^th, 2025. Transactions will be settled on Tuesday, March 18^th, 2025.

Contacts:

Snorri Hafsteinn Þorkelsson, CFO, tel: +354 516 6100, email: snorri.hafsteinn.þorkelsson@or.is         

Matei Manolescu, Fossar Investment Bank, tel: +354 522 4008, email: matei.manolescu@fossar.is

© 2025 GlobeNewswire, Inc. All Rights Reserved.

Read More..

The news, reports, views and opinions of authors (or source) expressed are their own and do not necessarily represent the views of CRWE World.