Upcoming Green Bond Auction by Reykjavík Energy
Reykjavík Energy, also referred to as Orkuveita Reykjavíkur, is preparing for an exciting bond auction that promises valuable investment options. Scheduled for an upcoming Wednesday, this auction will highlight three noteworthy classes of green bonds. Investors can look forward to the well-established OR280845 GB and OR180255 GB bonds, as well as a new entrant, the OR031033 GB class.
Overview of the Green Bond Classes
Introducing OR031033 GB
The OR031033 GB bond features a fixed nominal interest rate of 8.30% and offers recipients equal installment payments every six months. The final maturity date is set for a day in October 2033. This bond represents a solid opportunity for anyone looking for reliable returns in the coming years.
Previous Bond Classes: OR280845 GB and OR180255 GB
Now, let’s discuss the OR280845 GB, which offers fixed indexed interest and also provides equal payments twice a year. Investors can find reassurance in its maturity date, extending to August 2045. With an issuance of ISK 2,050 million in this class, support from the market is evident, showcasing Reykjavík Energy's commitment to investments that are sustainable.
Next up is the OR180255 GB. This bond, too, features fixed indexed interest and similar payment terms. It has a projected maturity date in February 2055 and has already attracted notable interest, having a previous issuance valued at ISK 35,246 million.
The Role of Fossar Investment Bank
Fossar Investment Bank hf. plays a vital role in the issuance of these bonds. They will oversee the entire process, ensuring that everything from the sale to the inclusion of the bonds on the Nasdaq sustainable bonds market in Iceland goes smoothly. Their expertise adds security and clarity for potential investors, fostering a transparent bidding process.
Guidelines for Participation and Bidding Process
For those looking to participate in the auction, a minimum bid of ISK 20 million is required. It's essential to understand that Reykjavík Energy holds the right to reject offers in full or in part, highlighting the competitive nature of this investment opportunity.
How to Place Your Bids
Bids must be submitted to the designated email address before a specified time on auction day to be considered. This is crucial for anyone eager to seize the chance to invest in these promising bonds.
Contact Details
If investors need more information or have inquiries, they can get in touch with:
Snorri Hafsteinn Þorkelsson, CFO, phone number: +354 516 6100, email: snorri.hafsteinn.þorkelsson@or.is
Matei Manolescu, Fossar Investment Bank, phone number: +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 required?
The minimum bid to participate in the auction is ISK 20 million.
Who is managing the bond auction?
Fossar Investment Bank hf. is responsible for overseeing the issuance and sale of the bonds.
When will the bonds be settled?
Successful bids will be settled shortly after the auction on the designated settlement date.
How can I get in touch with Reykjavík Energy for more information?
For additional details, you can contact Snorri Hafsteinn Þorkelsson or Matei Manolescu through the contact information provided.
