Alma íbúðafélag hf. Successfully Completes Note Offering
Alma íbúðafélag hf. Successfully Completes Note Offering
Alma íbúðafélag hf. has recently completed a noteworthy sale of notes in two categories for terms of 3 and 6 months. The company received a total of 1.380 billion ISK in bids, showcasing a strong interest from investors.
Details About the Offer
The company decided to accept bids totaling 700 million ISK for the 3-month note at an attractive interest rate of 8.80%, along with 560 million ISK for the 6-month note at 8.70%. This brings the total amount accepted to 1.260 billion ISK. Previously, the firm had successfully sold 380 million ISK in notes under the designation AL 25 0915. Therefore, the overall size of this issuance has reached a substantial 1.080 billion ISK.
The Role of Arctica Finance
Arctica Finance hf. played a crucial role in the management of the note sale, ensuring a systematic approach that attracted significant participation. Their expertise in the financial space allowed Alma to effectively navigate the issuance process.
Payment and Settlement Dates
The payment and settlement for this financial transaction are scheduled for an upcoming Monday in June 2025. This timeline allows investors to prepare adequately for the commitments involved. Stakeholders are optimistic about the implications this funding will have on the company's future growth and strategy.
Communication and Inquiries
For more detailed information regarding the note offering, interested parties can reach out to Ingólfur Árni Gunnarsson, the CEO of Alma íbúðafélag hf., via email at ingolfur@al.is. His insights will provide an additional layer of understanding regarding the company’s strategic decisions and financial health.
Frequently Asked Questions
What did Alma íbúðafélag hf. achieve with the note offering?
Alma successfully completed the sale of notes totaling 1.260 billion ISK, indicating strong investor interest.
What are the interest rates for the issued notes?
The 3-month note has an interest rate of 8.80%, while the 6-month note is set at 8.70%.
Who managed the sale of the notes?
The sale was managed by Arctica Finance hf., a firm well-versed in financial transactions.
When is the payment and settlement date?
The payment and settlement for the notes are scheduled for June 2025.
Who can provide further information about the notes?
Ingólfur Árni Gunnarsson, the CEO, is available for inquiries and can be contacted via email for more information.
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