Fossar Markets managed OR’s green bond auction


On April 8th, 2021, Orkuveita Reykjavíkur (OR; Reykjavik Energy) concluded a closed green bond offering in a new bond series, OR180242 GB.

The bonds pay a fixed, non-indexed interest rate with a semiannual fixed principal amortization schedule and has a final maturity on February 18th, 2042.

The series attracted bids totaling ISK 5,049m at yields between 3.99% – 4.65%.

OR accepted bids amounting to ISK 2,198m at a yield of 4.35%.

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

Further information:

Ingvar Stefánsson
CFO, Reykjavik Energy
+354 516-6100

Matei Manolescu
Fossar markets
+354 522-4008