Hafnarfjarðarkaupstaður Completes Successful Bond Auction
Hafnarfjarðarkaupstaður's Successful Bond Auction
The municipality of Hafnarfjarðarkaupstaður has recently achieved a significant milestone by successfully completing its bond offering for the HFJ 50 1 bond series.
Details of the Auction
The total bids for the HFJ 50 1 issuance reached an impressive 2.1 billion Icelandic krónur, with an interest rate range of 3.85% to 4.00%. However, the municipality decided to accept bids totaling 1.2 billion krónur, locking in an attractive yield of 3.87%.
Insights into the Bond Series
This bond auction marks the inaugural issuance within the HFJ 50 1 series, establishing its total size at 1.2 billion krónur, which can be seen as a positive step in diversifying their funding sources.
The Path Forward for Hafnarfjarðarkaupstaður
With this accomplishment, Hafnarfjarðarkaupstaður demonstrates its strong financial standing and commitment to maintaining transparency in its fiscal operations. The successful bond auction not only underscores the confidence of investors but also enhances the municipality's ability to fund essential projects and services.
Contact Information
For more details about this bond offering, please reach out to:
Helga Benediktsdóttir
Head of Financial Division, Hafnarfjarðarkaupstaður
Email: helga@hafnarfjordur.is
Frequently Asked Questions
What was the total bid amount for the HFJ 50 1 bond?
The total bids for the HFJ 50 1 bond amounted to 2.1 billion krónur.
What interest rate was accepted for the HFJ 50 1 bond?
The accepted yield for the HFJ 50 1 bond was 3.87%.
How large is the total size of the HFJ 50 1 bond series?
The total size of the HFJ 50 1 bond series is set at 1.2 billion krónur.
Who can I contact for more information about the bond offering?
You can contact Helga Benediktsdóttir at helga@hafnarfjordur.is.
Why is this bond auction significant?
This auction is significant as it marks the first issuance for the HFJ 50 1 series and highlights investor interest in Hafnarfjarðarkaupstaður's financial instruments.
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