Orkuveita Reykjavíkur – Green Bond Offering Results

Today, January 23^rd 2020 Orkuveita Reykjavikur (OR; Reykjavik Energy) concluded its closed green bond offering in the series OR020934 GB and OR0180255 GB. The bonds pay a fixed real-interest rate with a semiannual annuity amortization schedule and have a final maturity on September 2^nd 2034 and February 18^th 2055, respectively.  

OR020934 GB attracted bids amounting to ISK 870m  at a yield of 1.68% - 1.78%. OR accepted bids amounting to ISK 500m at a yield of 1.69%. OR0180255 GB attracted bids amounting to ISK 3.316m  at a yield of 1.75% - 1.82%. OR accepted bids amounting to ISK 1,380m at a yield of 1.78%.

Fossar Markets managed the process on behalf of OR. The green bond series will be listed on the Nasdaq Iceland Sustainable Bond market.

For further information please contact:

Ingvar Stefánsson, CFO, tel: [phone], email: [e-mail] 

Matei Manolescu, Capital Markets, Fossar Markets, tel: [phone], email: [e-mail]