Exciting Green Bond Auction from Reykjavík Energy Set Soon
Reykjavík Energy's Upcoming Green Bond Auction
Reykjavík Energy, also known as Orkuveita Reykjavíkur, is gearing up for an exciting bond auction that promises to offer attractive investment opportunities. This auction will occur on a Wednesday in the near future, focusing on three noteworthy green bond classes. Among these, investors will find the established OR280845 GB and OR180255 GB bonds, along with an introduction to the new OR031033 GB class.
Details on the Green Bond Classes
Introduction to OR031033 GB
The OR031033 GB bond comes with a fixed nominal interest rate of 8.30%. It offers recipients equal instalment payments every six months, culminating in a final maturity date set for a day in October 2033. This bond represents a fantastic opportunity for those seeking reliable returns over the coming years.
Previous Classes: OR280845 GB and OR180255 GB
Turning our attention to the OR280845 GB, this bond features fixed indexed interest and also allows for equal bi-annual payments. Investors will find assurance in the bond's maturity date, which extends to August 2045. The issuance of ISK 2,050 million in this class indicates robust support from the market and highlights Reykjavík Energy's commitment to sustainable investment.
Further, the OR180255 GB is another exciting option, boasting fixed indexed interest and similar payment terms. This bond carries a maturity date projected for February 2055, having already seen significant interest with a prior issuance valued at ISK 35,246 million.
Role of Fossar Investment Bank
Fossar Investment Bank hf. plays a critical role in the issuance of these bonds. They will oversee the entire process, ensuring everything from the sale to the bond's admission on the Nasdaq sustainable bonds market in Iceland runs smoothly. Their expertise in this field provides added security and clarity for potential investors, contributing to a transparent bidding process.
Participation Guidelines and Bidding Process
To join in the auction, interested parties should prepare a minimum bid of ISK 20 million. It is crucial to note that Reykjavík Energy retains the right to reject any offers partially or in full, emphasizing the competitive nature of this investment opportunity.
How to Submit Bids
Bids need to be sent to the designated email address before a specified time on the auction day to ensure they are considered. This detail is essential for those eager to have a chance at these promising bonds.
Contact Information
Should investors require further information or have questions, they can reach out to:
Snorri Hafsteinn Þorkelsson, CFO, telephone: +354 516 6100, email: snorri.hafsteinn.þorkelsson@or.is
Matei Manolescu, Fossar Investment Bank, telephone: +354 522 4008, email: matei.manolescu@fossar.is
Frequently Asked Questions
What types of bonds will be auctioned?
The auction will feature three green bond classes: OR031033 GB, OR280845 GB, and OR180255 GB.
What is the minimum bid amount?
The minimum bid in the auction is ISK 20 million.
Who oversees the bond auction?
Fossar Investment Bank hf. manages the issuance and sale of the bonds.
When will the bonds be settled?
Transactions for the successful bids will be settled shortly after the auction on the designated settlement date.
How can I contact Reykjavík Energy for more information?
For additional details, reach out to Snorri Hafsteinn Þorkelsson or Matei Manolescu via the provided contact information.
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