Festi hf. Issues New Six-Month Bill
Festi hf. has reached a significant milestone by completing the issuance of a new six-month bill, designated as FESTI260616, amounting to ISK 1,300 million. This issuance comes with a competitive flat interest rate of 7.94%, making it an appealing option for investors.
Details of the Bill Issuance
Contrary to traditional public offerings, this particular emission has not been open to the public. It also benefits from an exemption from the prospectus publication requirements specified in the European Union regulations. This allows the company to provide greater flexibility in its capital-raising activities while adhering to the relevant legal frameworks.
Management and Listing of the Securities
The sale of these bills was expertly handled by Íslandsbanki's securities sales team, ensuring a smooth transaction process. They will also oversee the listing of the new bill on Nasdaq Iceland, allowing efficient trading and enhanced market visibility for the securities.
Next Steps and Future Information
While the issue date for this six-month bill is anticipated to be December 11, 2025, potential investors and stakeholders can look forward to updates regarding its performance and related financial outcomes.
Contact Information for Inquiries
If you have any questions or need further information regarding this issuance, please feel free to reach out to Magnús Kr. Ingason, the CFO of Festi hf., via email at mki@festi.is.
Frequently Asked Questions
What is the interest rate on Festi hf.'s new bill?
The new bill has an interest rate of 7.94% flat.
Where will the bill be listed?
The bill is set to be listed on Nasdaq Iceland for trading.
Who managed the issuance of these bills?
Íslandsbanki's securities sales team managed the issuance of the bills.
Is this public offering open to everyone?
No, this was a private placement and not a public offering.
When is the issue date for this bill?
The issue date for this six-month bill is December 11, 2025.