Fossar Markets will manage an auction for Reitir Real Estate Company on Tuesday, April 9th

5.4.2019

Reitir Real Estate Company will conduct a bond auction on Tuesday, April 9th, 2019. Fossar Markets will manage the auction.

Bonds will be sold in the following series:

  • REITIR151244: CPI-indexed annuity of 26 years. Outstanding nominal amount: ISK 38.3bn
  • REITIR151124: CPI-indexed annuity of 6 years. Outstanding nominal amount: ISK 9.5bn
  • REITIR 22: Bullet bond of 4 years. Outstanding nominal amount: ISK 1.2bn

The offer will be closed with a single price method where all bonds will be sold at the highest yield accepted. Reitir reserves the right to accept any offer partially or in full, or refuse all offers. Planned settlement date is Friday, April 12th.

The auction is closed and exempt from prospectus requirements (cf. Act No. 108/2007). The base prospectus, final terms and other documents regarding the bond series are available at Reitir‘s website: www.reitir.is/fjarfestar. Announcements by Reitir Real Estate Company in relation to disclosure requirements are also available at Reitir‘s website.

Contacts: Einar Þorsteinsson, CFO, e-mail: einar@reitir.is, phone: +354 699 4416, and Matei Manolescu, Fossar Markets, e-mail: matei.manolescu@fossarmarkets.com, phone: +354 522 4008.