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 ISK 5,070m in total.
Offers in the amount of ISK 1,590m were accepted in the REITIR 151144 series at a yield of 3.50% and ISK 1,265m in the REITIR 151124 series at a yield of 2.80%.
The auction is among the largest auctions in Reitir‘s history, given the current base prospectus.
Reitir fasteignafelag hf. (Bloomberg: REITIR IR) is Iceland‘s largest provider of commercial property for rent. Reitir‘s portfolio is comprised of around 140 properties, totalling 465,000 sq.m. The portfolio consists of retail- and office real estate, in addition to hotel buildings and other commercial real estate.