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Kaldalón hf. Secures Successful Sale of Unsecured Bills

Kaldalón hf. Secures Successful Sale of Unsecured Bills

Kaldalón hf. Completes Successful Bill Auction

Kaldalón hf. has announced the successful completion of its sale of unsecured six-month bills, specifically in the series KALD 25 1201. The total offers received amounted to ISK 1,060 million, showcasing significant market interest with interest rates flatly ranging between 8.30% to 8.55% per annum. Ultimately, bills totaling a nominal value of ISK 920 million were sold at an attractive interest rate of 8.39%.

Impact and Future Trading Plans

The scheduled payment and settlement date for these transactions is set for an upcoming Monday, marking a crucial step in enhancing Kaldalón hf.'s market presence. Furthermore, an application will be made to allow these bills to be listed and traded on the Nasdaq Iceland Main Market. The exact date for the commencement of trading will be communicated to the market with at least one day's notice, which reflects Kaldalón's commitment to transparency and investor relations.

Managed by Landsbankinn hf.

The successful handling of the bill sale was overseen by Landsbankinn hf., ensuring a smooth execution of the transaction. Their proficiency in managing such financial endeavors underlines the trust placed in them by Kaldalón hf., fostering a strategic partnership that aims at facilitating further growth and liquidity in the financial markets.

Contact Information

For additional information regarding the recent bill issuance, stakeholders can reach out to Sigurbjörg Ólafsdóttir, the Chief Financial Officer of Kaldalón hf. She can be contacted directly via email at sigurbjorg.olafsdottir@kaldalon.is.

Further Support from Landsbankinn

Additional inquiries can be directed to Gunnar S. Tryggvason. He is available at +354 410 6709 or +354 821 2090, and can also be reached via his email at gunnars@landsbankinn.is. His expertise in financial transactions is pivotal for clients seeking detailed guidance.

Frequently Asked Questions

What type of bills did Kaldalón hf. issue?

Kaldalón hf. issued unsecured six-month bills in the series KALD 25 1201.

What was the total amount of offers received?

The total offers received amounted to ISK 1,060 million.

What was the interest rate for the sold bills?

The bills were sold at an interest rate of 8.39%.

Who managed the sale of these bills?

Landsbankinn hf. managed the sale of the bills.

When will the trading of the bills commence?

The trading will commence once announced, with at least one day's notice given.

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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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