Fossar Markets managed Reginn’s bond auction

Reginn real estate company (Bloomberg: REGINN IR) conducted an auction of bonds in the series REGINN280130 yesterday, September 21st. The bond issue attracted bids amounting to 3,720m ISK nominal. Reginn accepted bids totaling 3,120m ISK nominal at a yield of 1.34%. The total size of the bond series post auction…

Fossar Markets managed Reitir’s bond auction

Reitir real estate company (Bloomberg: REITIR IR) conducted a closed auction of bonds in the series REITIR150527 on September 9th. The bond issue attracted bids amounting to 4,080m ISK nominal. Reitir accepted bids totaling 2,880m ISK nominal at a yield of 1.20%. Fossar markets managed the process on behalf of…

Fossar largest in terms of market share on Nasdaq in August

Fossar Markets was the market leader in fixed income reported trades on the Nasdaq OMX Iceland Stock Exchange in August. Fossar’s market share in reported trades in August was 31.6% in fixed income and 19.8% in equities, and 23.9% and 16.8% respectively for all trades. Year-to-date Fossar Markets is the…

Fossar Markets managed Reginn’s green bond auction

Reginn real estate company (Bloomberg: REGINN IR) conducted an auction of green bonds in the series REGINN23 GB and REGINN27 GB on August 10th, raising 6.04bn ISK. The green bond series, REGINN23 GB, is non-indexed with a maturity of 3 years and pays a fixed 3.20% real-interest rate. The bond…

Fossar largest in terms of market share on Nasdaq in 1H 2021

Fossar Markets was the market leader in reported trades on the Nasdaq OMX Iceland Stock Exchange in June. Fossar’s market share in reported trades in June was 19.8% in fixed income and 24.8% in equities, and 17.2% and 20.8% respectively for all trades. Year-to-date Fossar Markets is the leader in…

Hreggviður Ingason Joins Fossar Markets

Hreggviður Ingason will become the Director of Fund Management within Fossar Markets’ new Asset Management department. Hreggviður joins Fossar Markets from Lífsverk lífeyrissjóður, where he worked as head of Asset Management from 2016. Hreggviður previously supervised the settlement of Glitnir's derivatives portfolio from 2010 to 2016 and was Head of…

Fossar Managed Reykjavík City’s Green Bond Private Placement

On June 25th 2021, Reykjavík City issued new bonds in the RVKNG 40 1 Green Bond series. Bonds amounting to ISK 3,000m nominal were sold at a yield of 4,50%. Outstanding bonds in the series now amount to ISK 6,820m. The settlement date is June 30th 2021. The bonds pay…

Fossar Markets managed OR’s green bond auction

Yesterday, June 7th, Reykjavik Energy (OR, Orkuveita Reykjavíkur) concluded a green bond offering, increasing the size of the green bond series, OR1802142 GB. OR issued bonds amounting to 2.000 m.kr. in nominal terms at a yield of 4,60%. The size of the bond series is now 4.198 m.kr. in nominal…

Fossar Markets managed Reginn’s green bond auction

Reginn real estate company (Bloomberg: REGINN IR) concluded a green bond offering on June 2nd, raising 1.82bn ISK. The new green bond series, REGINN27 GB, is CPI-linked with a maturity of six years and pays a fixed 1.25% real-interest rate. The bonds will be listed on the Nasdaq Iceland Sustainable…

Fossar largest in terms of market share on Nasdaq in May

Fossar Markets was the market leader in fixed income reported trades on the Nasdaq OMX Iceland Stock Exchange in May. Fossar’s market share in reported trades in May was 23.7% in fixed income and 22.8% in equities, and 15.2% and 19.2% respectively for all trades. Year-to-date Fossar Markets is the…

Fossar Markets managed Reitir’s bond auction

Reitir real estate company (Bloomberg: REITIR IR) conducted a closed auction of bonds in the series REITIR150527 and REITIR150523 on May 20th. The bond issues attracted bids amounting to 3,890m ISK nominal. Reitir accepted bids in the series REITIR150527 totaling 3,070m ISK nominal at a yield of 1.25% and 220m…

Fossar Markets offer Asset Management Services

The FSA issues Fossar Markets an asset management license. Asset Management is a new addition to Fossar Markets’ services. The company now offers its clients private banking services and portfolio management. The Financial Supervisory Authority of the Central Bank of Iceland (FSA) has issued Fossar with an operating license for…

Fossar largest in terms of market share on Nasdaq in April

Fossar Markets was the market leader in reported trades on the Nasdaq OMX Iceland Stock Exchange in April. Fossar’s market share in reported trades in April was 25.9% in fixed income and 25.9% in equities, and 21.2% and 21.3% respectively for all trades. Year-to-date Fossar Markets is the leader in…

Fossar hired as member of the Syndicate for Íslandsbanki’s IPO

The Icelandic State Financial Investments (ISFI) has hired Fossar Markets, together with eight other parties, as a member of the syndicate in relation to ISFI’s potential sale and distribution of shares in Íslandsbanki hf. and listing in the Nasdaq OMX Iceland Stock Exchange by mid-2021. Fossar, together with the other…

Fossar Markets managed OR’s green bond auction

On April 8th, 2021, Orkuveita Reykjavíkur (OR; Reykjavik Energy) concluded a closed green bond offering in a new bond series, OR180242 GB. The bonds pay a fixed, non-indexed interest rate with a semiannual fixed principal amortization schedule and has a final maturity on February 18th, 2042. The series attracted bids…