Fossar managed Lykill’s 6-month bill auction

Lykill Financing conducted an auction of 6-month bills in a new series, LYKILL200115, on July 9th, 2019. Total demand in the auction amounted to 620m ISK. Lykill accepted offers in the amount of 460m ISK. The bills were sold with a yield of 4.90% (simple interest rates). The date of…

Reykjavik Energy (OR) Lists its First Green Bonds on Nasdaq Iceland

Nasdaq (Nasdaq: NDAQ) today announced that Reykjavik Energy (OR) has listed its first green bond series on Nasdaq Iceland’s sustainable bond market. The bond series currently have an outstanding nominal amount of about ISK 7.5 billion and a maturity of 36 years. The first issuance in the bond series was…

OR Green Bond offering today managed by Fossar Markets

Orkuveita Reykjavíkur (OR; Reykjavik Energy) will conduct a closed auction of inflation linked green bonds, OR180255 GB, on June 12th 2019. The green bond series has a maturity of 36 years, pays a fixed real-interest rate and will be listed on the Nasdaq Iceland Sustainable Bond market. The series has…

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

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…

Fossar Markets managed OR‘s second successful Green Bond auction

Reykjavik Energy (OR: Orkuveita Reykjavikur) conducted a successful auction of Green Bonds on April 4th. The bond issue attracted bids amounting to ISK 3,330m at a yield in the range of 2.2 - 2.4% with OR accepting bids totalling ISK 2,110m at a yield of 2.29%. The auction is the…

Fossar to manage Reykjavik Energy‘s green bond auction

Reykjavik Energy (OR) has decided to conduct an auction of Green Bonds on Thursday, March 4. 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 year…

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…