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Kaldalón hf. Prepares for Exciting Bill Auction Next Month

Kaldalón hf. Prepares for Exciting Bill Auction Next Month

Upcoming Auction of Kaldalón hf. Bills

Exciting news for investors! Kaldalón hf. is set to hold an auction for six-month bills in a new series identified as KALD 26 0601. This will take place soon, encouraging participation as part of the company's strategy to regularly issue bills and bonds.

Auction Method and Details

The auction will employ the Dutch method, ensuring that all accepted bids are sold to investors at the highest accepted flat yield. Each bill will be issued in nominal value units of ISK 20 million, allowing for a significant engagement from potential investors.

Investor Participation

Investors should bear in mind that Kaldalón hf. retains the discretion to accept all bids, reject bids entirely, or partially accept some. The results of the auction, including the allocations made to various investors, will be announced before markets open the following day, ensuring transparency and timely information.

Key Auction Details

Landsbankinn hf. will oversee the auction process, and all bids must be submitted to them by 16:00 on the auction date. Interested parties can communicate their bids, specifying both the nominal amount and the flat yield. For those wishing to submit their bids, sending an email to verdbrefamidlun@landsbankinn.is is required. This ensures all participants have clear access to the auction details.

Payment and Settlement

The payment and settlement for these bills are slated for a future date, specifically on Monday, 1 December 2025. This timeline allows investors adequate time to arrange their financial commitments accordingly.

Exemptions and Publications

This auction is exempt from the prospectus publication requirements as per EU regulations. Kaldalón hf. will publish relevant documents regarding the issuance of these bills and their trading on Nasdaq Iceland on the company’s website, ensuring that all necessary information is readily available to the public.
More details can be found on the Kaldalón hf. investor page at kaldalon.is/investors.

Contact Information

For additional inquiries regarding this auction or other matters, you can reach out to Sigurbjörg Ólafsdóttir, CFO of Kaldalón hf., via email at sigurbjorg.olafsdottir@kaldalon.is. Furthermore, Gunnar S. Tryggvason is available for assistance via phone at +354 410 6709 or +354 821 2090 and can be reached at gunnars@landsbankinn.is.

Frequently Asked Questions

What is the auction date for Kaldalón hf. bills?

The auction is scheduled for Tuesday, 25 November.

How will the bills be sold?

They will be sold using the Dutch auction method at the highest accepted flat yield.

What is the nominal value of each bill?

Each bill will have a nominal value of ISK 20 million.

Who manages the auction?

The auction will be managed by Landsbankinn hf.

When will results be announced?

Results will be announced before the market opens on Wednesday, 26 November.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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