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Fossar fjárfestingarbanki hf. Completes Successful Offering

Fossar fjárfestingarbanki hf. Completes Successful Offering

Fossar fjárfestingarbanki hf. Successfully Completes Bond Offering

Fossar fjárfestingarbanki hf. has wrapped up its latest bond offering with great success. The investment bank attracted bids totaling ISK 560 million, featuring flat interest rates that ranged from 10.00% to 10.22%. The weighted average interest rate was recorded at 10.12%, demonstrating strong interest from the market.

Overview of Accepted Bids

For the six-month bond category FOS 25 0311, the accepted bids reached ISK 400 million at a flat interest rate of 10.22%. This positive response indicates robust investor confidence in the bank's offerings.

Management of Market Operations and Trading Application

The market operations for this bond offering were efficiently managed by Fossar fjárfestingarbanki, ensuring a smooth process for all participants. An application has also been submitted to list the bonds on the main market of Nasdaq Iceland. The settlement date for these transactions is scheduled for September 11, 2024.

Contact Information for Inquiries

If you have any questions regarding the bond offering or related matters, please feel free to reach out to:

Ernir Jónsson

Fossar fjárfestingarbanki
Sími: 832-4002
Netfang: ernir.jonsson@fossar.is

Ásgrímur Gunnarsson

Fossar fjárfestingarbanki
Sími: 832-4040
Netfang: asgrimur.gunnarsson@fossar.is

Frequently Asked Questions

What is the name of the bank that completed the bond offering?

The bank is Fossar fjárfestingarbanki hf.

What was the total amount of bids received for the bond offering?

The total bids received amounted to ISK 560 million.

What was the accepted amount for the FOS 25 0311 bond?

The accepted amount for the FOS 25 0311 bond was ISK 400 million at a 10.22% interest rate.

When is the settlement date for this bond offering?

The settlement date is set for September 11, 2024.

How can I contact Fossar fjárfestingarbanki for more information?

You can contact Ernir Jónsson at 832-4002 or Ásgrímur Gunnarsson at 832-4040 for inquiries.

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