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 Nasdaq Iceland Sustainable bond market.
As one of Iceland‘s largest real-estate companies, Reginn is aware that managing and developing real estate has a significant effect on the environment. Environmental, social and economic sustainability are therefore key components of Reginn‘s core business strategy and Reginn has set clear company-wide goals for sustainability that are measured and shared with staff, customers and investors.
A key milestone in Reginn‘s sustainability strategy was reached when Smáralind, Iceland‘s largest shopping mall, became the first real-estate in Iceland to receive the internationally accredited BREEAM In-Use certification. Reginn‘s continuing goal is to be a leader in the sustainability certification of real-estate based on established international environmental standards.
Reginn‘s green financing framework as well as CICERO‘s second opinion can be found on Reginn‘s website for Green Financing: https://www.reginn.is/en/investors/green-financing.
Fossar markets managed the process on behalf of Reginn and provided advisory services on the green financing framework.
Helgi S. Gunnarsson
+354 512-8900 / +354 899-6262