Fossar manages successful Green Bond auction for City of Reykjavík

Fossar Markets managed a Green Bond auction for the City of Reykjavik on March 6th, 2019. Total demand for the Green Bond series, RVKG 48 1, amounted to 3,320m ISK nominal at a yield in the range of 2.19% - 2.35%. Offers amounting to 2,820m ISK nominal were accepted at…

Fossar manages a successful bond auction for Reitir

Fossar Markets managed Reitir's bonds auction on February 26th, 2019. Total demand in the auction amounted to 5,142m ISK nominal. Reitir decided to accept offers amounting to 950m ISK nominal, with yield at 3.45% in the series REITIR151244 and offers amounting to 1,100m ISK nominal, with yield at 2.60% in…

Fossar Markets will manage an auction for Reykjavik city next Wednesday, March 6

Reykjavik City will conduct a bond auction next Wednesday, March 6. The maximum issuance of 2019 is 5.5bn ISK and no borrowings have taken place this year. Outstanding amount for RVKG 48 1 prior to this auction is ISK 4,100 m. nominal. The series is indexed annuity with payments twice…

Positive experience with Nasdaq Copenhagen

In light of three Icelandic financial firms’ recent membership to the Nasdaq Copenhagen exchange, the exchanges' CEO, Nikolaj Kosakewitsch, is interviewed in the latest publication of the weekly business journal Viðskiptamogginn. Fossar Markets was the first Icelandic company to join both the Danish and Swedish exchanges in September 2018 and…

Fossar markets will manage an auction for Reitir Real Estate Company tomorrow, Februar 26

Reitir Real Estate Company will conduct a bond auction tomorrow, February 26, 2019. Bonds will be sold in the following series: REITIR151244: CPI-indexed annuity of 26 years. Outstanding nominal amount: 37.405.200.000 ISK REITIR151124: CPI-indexed annuity of 6 years. Outstanding nominal amount: 8.350.000.000 ISK REITIR 22: Bullet bond of 4 years.…

Fossar Markets manages second successful Green Bond auction

Reykjavik Energy (OR: Orkuveita Reykjavikur) conducted a successful auction of Green Bonds on February 13th. The bond issue attracted bids amounting to ISK 6,258m with OR accepting bids totalling ISK 3,528m at a yield of 2.60%. The auction is the second Green Bond issue in Iceland, both of which were…

Fossar to manage Reykjavik Energy‘s first green bond auction

Reykjavik Energy (OR) has decided to conduct its first auction of Green Bonds on Wednesday, February 13. Fossar Markets will manage the auction. The offered series OR 180255 GB will be admitted to trading on Nasdaq Iceland Sustainable Bond market. The series is an indexed annuity with payments twice a…

Fossar leader in Fixed Income on Nasdaq Iceland in 2018

Fossar Markets was the market leader in reported trades with fixed income on the Nasdaq OMX Iceland Stock Exchange in 2018. Fossar’s market share in reported trades in December was 17.1%% in fixed income and 25.9% in equities, and 10.6% and 17.2% respectively for all trades. In 2018, Fossar Markets…

Fossar to manage Reitir’s bond auctions

Reitir Real Estate Company has signed an agreement with Fossar Markets to manage its bond auctions. The first auction was held yesterday, December 18th, 2018. Bonds were offered in the indexed series REITIR 151124 and REITIR 151244, in addition to the nominal bond series REITIR 22. Total demand amounted to…

Fossar largest in terms of market share on Nasdaq in November

Fossar Markets was the market leader in reported trades on the Nasdaq OMX Iceland Stock Exchange in November. Fossar’s market share in reported trades in November was 16.3%% in fixed income and 27.7% in equities, and 11.6% and 15.0% respectively for all trades. Year-to-date Fossar Markets is the leader in…

Fossar Markets manage Lykill‘s bond auction

Fossar Markets managed Lykill‘s bond auction on November 29th 2018. Bonds in the series LYKILL 17 1 were sold for 1.380m ISK nominal at 3,45% yield. The total size of the bond series post auction is ISK 15,000m ISK nominal. LYKILL 17 1 is a bond series which is secured…

Fossar manages first domestic issue of green bonds

The City of Reykjavik’s issue of green bonds is the subject of an article in the latest edition of Markaðurinn (The Market), Fréttablaðið’s weekly business and economics supplement. Markaðurinn talks to Andri Guðmundsson, Managing Director of Fossar Markets’ Corporate Finance, about the issue and the importance of green bonds. Fossar…

Fossar supports young people troubled by addiction

Thanks Day fundraising ensures prevention programs in Icelandic schools The 8.2 million ISK raised on Fossar Markets’ Thanks Day on 22 November have been awarded to two initiatives supporting young people fighting addiction to prescription drugs and other problems. Each initiative receives 4,1 million ISK. The “Ég á bara eitt…

Fossar Markets manage Lykill‘s bond auction

Fossar Markets managed Lykill‘s bond auction on October 29th 2018. Bonds in the series LYKILL 17 1 were sold for 1.600m nominal at 3,60% yield. The total size of the bond series post auction is ISK 13,620m nominal. LYKILL 17 1 is a bond series which is secured by collateral…

Fossar Markets managed OR’s bond auction yesterday, October 23rd, 2018.

Total demand amounted to ISK 3,550m nominal amount. Total offers for the OR090546 bond amounted to ISK 720m at a yield between 2.80% – 2.88%. OR decided to accept offers for a total amount of ISK 420m at a yield of 2.85%. Total offers for the OR090524 bond amounted to…