Fossar Markets managed a bond auction for City of Reykjavik

1.2.2021

The City of Reykjavik conducted an auction of bonds in the series RVK 32 1 and RVKN 35 1, on January 27th, 2021.

The bond issues attracted bids amounting to 3,950m ISK nominal.

The RVK 32 1 bond issue attracted bids amounting to 2,470m ISK nominal at a yield in the range of 1.23% – 1.39%. The City of Reykjavik accepted bids totaling 1,630m ISK nominal at a yield of 1.31%. The total size of the bond series post auction is 7,410m ISK nominal.

The RVKN 35 1 bond issue attracted bids amounting to 1,480m ISK nominal at a yield in the range of 4.08% – 4.16%. The City of Reykjavik accepted bids totaling 690m ISK nominal at a yield of 4.11%. The total size of the bond series post auction is 14,070m ISK nominal.

The date of issue is February 2nd, 2021.

Fossar Markets managed the auction.

Further information:

Helga Benediktsdóttir
Head of Treasury at Reykjavik City
+354 898-8272
helga.benediktsdottir@reykjavik.is

Daði Kristjánsson
Fossar Markets hf.
+354 840-4145
dadi.kristjansson@fossarmarkets.com

Matei Manolescu
Fossar Markets hf.
+354 832-4008
matei.manolescu@fossarmarkets.com