Fossar largest in terms of market share on Nasdaq in 2020

Fossar Markets was the market leader in reported trades on the Nasdaq OMX Iceland Stock Exchange in 2020. Fossar’s market share in reported trades in December was 18.7% in fixed income and 25.0% in equities, and 14.8% and 19.3% respectively for all trades. In 2020, Fossar Markets is the leader…

It’s Time for Green Bonds!

We have previously written about the advantages of Iceland issuing green government bonds. In our previous writings, before the Covid-19 pandemic, we assumed that we had ample time to thoughtfully assess the issue and subsequently make a decision. We’ve organized meetings with the administration’s leaders regarding the advantages of issuing…

Fossar largest in terms of market share on Nasdaq in November

Fossar Markets was the market leader in equities reported trades on the Nasdaq OMX Iceland Stock Exchange in November. Fossar’s market share in reported trades in November was 15.3% in fixed income and 23.9% in equities, and 10.9% and 19.0% respectively for all trades. Year-to-date Fossar Markets is the leader…

Reykjavik Energy Green Bond Offering Results

Yesterday, December 1st 2020, Reykjavik Energy (OR; Orkuveita Reykjavikur) concluded its closed green bond offering in the series OR020934 GB and OR0180255 GB. The bonds pay a fixed real-interest rate with a semiannual annuity amortization schedule and have a final maturity on September 2nd 2034 and February 18th 2055 respectively. The series attracted…

Fossar Markets managed Reitir’s bond auction

Yesterday, December 1st 2020, Reitir sold new bonds in the series REITIR150523. The new issue amounted to ISK 4,000 million nominal value and the bonds were sold at par. The new bond series is non-indexed with a final maturity date of May 15th, 2023 and pays a fixed 3.05% real-interest…

Fossar Markets’ Thanks Day contributes to Mental Health

Thanks Day fundraiser in support of action to improve mental health Haraldur Thordarson, Fossar Markets’ CEO, has today presented Héðinn Unnsteinsson, Geðhjálp’s Chairman, with the ISK 12.6 million raised on the Thanks Day, November 26th. "We at the Icelandic Mental Health Alliance, Geðhjálp, would like to thank Fossar Markets for…

Reykjavik Energy – Green Bond offering today, December 1st

Reykjavik Energy (OR; Orkuveita Reykjavikur) will conduct a closed auction of inflation linked green bonds in the series OR020934 GB and OR0180255 GB today, December 1st, 2020. OR020934 GB pays a fixed real-interest rate, has a semiannual annuity amortization schedule and a final maturity on September 2nd, 2034. OR0180255 GB…

Reykjavik Energy – Green Bond offering on December 1st

Reykjavik Energy (OR; Orkuveita Reykjavikur) will conduct a closed auction of inflation linked green bonds in the series OR020934 GB and OR0180255 GB on December 1st, 2020. OR020934 GB pays a fixed real-interest rate, has a semiannual annuity amortization schedule and a final maturity on September 2nd, 2034. OR0180255 GB…

Fossar Markets managed Reitir’s bond auction

Yesterday, November 16th 2020, Reitir sold new bonds in the series REITIR150532. The new issue amounted to ISK 7,000 million nominal value and the bonds were sold at a yield of 2.34%. The new bond series is CPI-linked with a final maturity date of May 15th, 2032 and pays a…

Reginn hf. closes ISK 7.5bn green bond offering

Reginn real estate company (Bloomberg: REGINN IR) concluded a green bond offering yesterday, November 12th, raising ISK 7.5bn ISK from institutional investors. The green bond series, REGINN50 GB, is CPI-linked with a maturity of 30 years and pays a fixed 2.477% real-interest rate. The bonds will be listed on the…

Increased corporate bond activity attracts interest from abroad

In its latest issue, Viðskiptablaðið business journal interviewed Haraldur Thordarson, Fossar Markets’ CEO, enquiring, among other things, about the conditions on the bond market. Thordarson pointed out that the banks’ increased focus on loans to individuals, and declining emphasis on corporate loans create incentives for companies to seek alternative financing…

Fossar largest in terms of market share on Nasdaq in October

Fossar Markets was the market leader in fixed income reported trades on the Nasdaq OMX Iceland Stock Exchange in October. Fossar’s market share in reported trades in October was 29.3% in fixed income and 24.3% in equities, and 17.8% and 18.6% respectively for all trades. Year-to-date Fossar Markets is the…

Reginn hf. closes ISK 2bn green bond offering

Reginn real estate company (Bloomberg: REGINN IR) concluded a green bond offering on October 22nd, raising ISK 2bn from institutional investors. The new green bond series, REGINN23 GB, is non-indexed with a maturity of 3 years and pays a fixed 3.20% real-interest rate. The bonds will be listed on the…

First Non-Indexed Green Bond Issuance in Iceland

Yesterday, October 15th, Reykjavik Energy (OR; Orkuveita Reykjavikur) concluded an offering of a new Green Bond series OR231023 GB, the first non-indexed Green Bond issued in Iceland. The bonds pay a fixed interest rate of 2.8% and have a final maturity on October 23rd, 2023. Bonds in the amount of…

Fossar largest in terms of market share on Nasdaq in September

Fossar Markets was the market leader in reported trades on the Nasdaq OMX Iceland Stock Exchange in September. Fossar’s market share in reported trades in September was 20.8% in fixed income and 26.8% in equities, and 14.0% and 19.6% respectively for all trades. Year-to-date Fossar Markets is the leader in…