Kaldalón hf. Expands Bond Series with Green Initiatives
Kaldalón hf. Expands Green Bond Series
Kaldalón hf. has successfully completed an expansion of its bond series KALD 041139 GB. This expansion includes the issuance of green bonds totaling ISK 1.8 billion, achieving an attractive yield of 3.90%. With this new issuance, the total nominal value of the bond series now reaches ISK 5.8 billion, strengthening the company’s financial stability while promoting sustainable investment.
Details of the Bond Series
The bond series is designed as green and inflation-linked, featuring a robust 30-year repayment schedule. Bonds in this series carry a fixed annual interest rate of 3.75%, with semi-annual equal payments for investors. Each bond is issued in nominal amounts of ISK 20 million, ensuring accessibility for various investors. Importantly, this issuance is underpinned by Kaldalón hf.'s general collateral arrangement, maximizing investor confidence.
Secure Financial Framework
This bond series is part of Kaldalón hf.'s larger framework for bond issuance set at ISK 30 billion. The framework is carefully structured to ensure transparency and compliance, while also paving the way for substantial capital to flow into the company's future growth projects.
Use of Proceeds
Proceeds from this bond issuance are specifically allocated to refinance existing debt, which is a strategic move to enhance the company's financial flexibility. By refinancing, Kaldalón hf. positions itself to reduce costs and potentially lower interest obligations in the long run, contributing positively to its overall financial health.
Settlement Information
The scheduled settlement and payment date for this bond issuance is on a Friday, enhancing market operations and ensuring a smooth transaction process. Timely settlement is crucial, especially in maintaining investor relationships and fostering a reliable marketplace.
Prospectus Availability
In conjunction with the bond issuance, Kaldalón hf. has published a base prospectus along with an appendix. These documents provide detailed insights into the bond issuance and compliance aspects. Investors and interested parties can access the base prospectus, final terms, and additional relevant documents on the company’s website, which serves as a dedicated hub for all investor communications.
Company Contact Information
For further inquiries, interested parties are encouraged to contact:
Sigurbjörg Ólafsdóttir, CFO of Kaldalón hf.
Phone: +354 856 7155
Email: sigurbjorg.olafsdottir@kaldalon.is
Frequently Asked Questions
What is the total nominal value of the KALD 041139 GB bond series?
The total nominal value of the KALD 041139 GB bond series is ISK 5.8 billion after the recent expansion.
What is the yield of the recently issued green bonds?
The yield of the recently issued green bonds is 3.90%.
Who can I contact for more information about Kaldalón hf.?
You can contact Sigurbjörg Ólafsdóttir, CFO, at +354 856 7155 or via email at sigurbjorg.olafsdottir@kaldalon.is.
What is the repayment schedule for the bond series?
The bond series features a 30-year repayment schedule with semi-annual equal payments, providing a steady cash flow for investors.
Where can I find the base prospectus and related documents?
The base prospectus and other related documents are available on Kaldalón hf.'s official website, ensuring easy access for interested stakeholders.
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