Upcoming Bond Offering by Íþaka fasteignir
Íþaka fasteignir ehf. is preparing for a private offering of its bond series ITHAKA 300834. This event, important for investors, is set to take place soon.
Details of the ITHAKA 300834 Bond Series
The ITHAKA 300834 bond series is both inflation-linked and secured, and it is already listed on the main market of Nasdaq Iceland. This bond comes with a repayment plan that spans 30 years, allowing for a level payment structure, often referred to as an annuity. Payments will be conducted on a monthly basis, with the final principal payment occurring on the maturity date, which is 30 August 2034. Previously, the bond was issued with a nominal amount of 3.5 billion ISK.
Offering Method and Terms
The offering will utilize a Dutch auction method, where all accepted bids will be granted to investors based on the highest yield requirement received. The company reserves the right to accept any bid, in part or in full, or to reject all bids submitted.
Settlement and Trading Information
The estimated settlement date for this bond offering is Thursday, 16 January 2025. Following this, there will be a request for the new bonds to be traded on the main market of Nasdaq Iceland.
Role of Íslandsbanki in the Bond Offering
Íslandsbanki has taken on the responsibility for the issuance and sale of these bonds, as well as for their listing on the Nasdaq Iceland Main Market. Their involvement is crucial in ensuring the offering runs smoothly and efficiently.
Regulatory Compliance
This bond offering is exempt from the preparation of a prospectus as outlined in the European regulations 2017/1129, therefore it complies with local laws. Details regarding the issuance can be found on the company's official website.
Contact Information for Inquiries
For more information about this bond offering, interested parties can reach out to Gunnar Valur Gíslason, the company’s managing director, at phone number 822-4403. Additionally, inquiries can be sent via email to gunnarvalur@ithaka.is or to the securities brokerage division of Íslandsbanki at vbm@islandsbanki.is.
Frequently Asked Questions
What is the ITHAKA 300834 bond series?
ITHAKA 300834 is a bond series issued by Íþaka fasteignir ehf., designed to be inflation-linked and secured, promising a steady return for investors.
When is the offering taking place?
The private offering for the ITHAKA 300834 bond series is scheduled to occur in the near future, with the auction method being utilized.
How will the bonds be repaid?
Bond repayments will occur monthly through a level payment structure, with the principal fully payable on the maturity date.
Who manages the bond issuance?
Íslandsbanki is responsible for overseeing the issuance and sale of the bonds, ensuring compliance and proper trading practices.
Where can I find more information?
Investors can find more detailed information about the bond offering on the official website of Íþaka fasteignir and by contacting the management directly.
