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.
CFO, Reykjavik Energy