Iceland’s Bond Auction: Investment Opportunities for All

Author: Logan Wright Updated: 08-21-2025 11:47 AM

Exciting Bond Auction by Reykjavík Energy

Reykjavík Energy, known as Orkuveita Reykjavíkur, is set to conduct an important bond auction that promises exciting opportunities for investors. The auction will feature green bonds that are designed to support sustainable projects and initiatives.

Details of the Upcoming Auction

This significant event will take place soon, presenting various bond options including OR031033 GB, OR280845 GB, and OR180255 GB. The bonds are structured to ensure consistent returns, appealing to both seasoned investors and newcomers alike.

Bond Offerings

The first bond, OR031033 GB, features an attractive fixed nominal interest rate of 8.30%. With equal payments made every six months, this bond matures on October 3rd, 2033. A total of ISK 9,650 million has already been issued under this class and is actively traded on the Nasdaq Iceland, underscoring its credibility and demand.

The second option, OR280845 GB, showcases a 3.70% fixed interest rate with payments structured similarly. This bond matures on August 28th, 2045, and is redeemable in 2037. Previously, bonds worth ISK 8,600 million have been successfully released under this category, indicating a solid foundation in the market.

Lastly, OR180255 GB offers a fixed indexed interest rate of 2.60%, maturing on February 18th, 2055. With a substantial total issuance of ISK 38,921 million admitted for trading on Nasdaq Iceland, this bond is a noteworthy option for those looking at long-term investments.

Managing the Auction Process

The auction is organized under the supervision of Fossar Investment Bank hf. They will facilitate the issuance and sale of these bonds, making sure everything is compliant with the Nasdaq sustainable bonds market standards in Iceland. Their experience and governance add a layer of trust for prospective investors.

Bidding Instructions

Those interested in purchasing these bonds must submit their bids electronically before 17:00 UTC on the auction date. It is essential to pay attention to this deadline as transactions will be settled shortly after on September 4th, 2025. This streamlined process aims to ensure that everything flows smoothly for investors.

Company Contacts

For any inquiries or additional information regarding the auction or bonds, interested parties can reach out directly to the company contacts:

Snorri Hafsteinn Þorkelsson, CFO, can be contacted at +354 516 6100, or via email at snorri.hafsteinn.þorkelsson@or.is.

For additional support, reach out to Matei Manolescu from Fossar Investment Bank at +354 522 4008 or email at matei.manolescu@fossar.is.

Frequently Asked Questions

What types of bonds are offered at the auction?

The auction features three types of green bonds: OR031033 GB, OR280845 GB, and OR180255 GB.

What are the interest rates on these bonds?

Interest rates vary: OR031033 GB has 8.30%, OR280845 GB has 3.70%, and OR180255 GB is at 2.60%.

When is the auction scheduled?

The auction is scheduled for a Thursday, with bids required by 17:00 UTC.

Who oversees the issuance and sale process?

The process is managed by Fossar Investment Bank hf., ensuring adherence to regulations.

How can I submit my bid?

Bids must be submitted via email before the deadline for consideration in the auction.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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