Kvika Banki hf. Announces Successful Bond Offering Results
Kvika Banki hf. Sees Success in Recent Bond Auction
In a recent development, Kvika banki hf. has successfully conducted a closed auction for its bond series KVIKA 28 0703. This auction attracted substantial interest, with total bids reaching ISK 9,860 million. The spread for the bids varied from 0.89% to 1.50% over the 3-month REIBOR rate, showcasing a competitive environment for investors.
Details of the Accepted Bids
Out of the total bids, Kvika banki hf. accepted ISK 5,000 million worth of bids, offering a favorable spread of 1.14% over the 3M REIBOR interest rate. These bonds are set to mature in three years, with interest payments scheduled to be made quarterly, providing investors with a steady income stream during the term of the bond.
Future Trading Plans for the Bonds
The successful bids from this bond offering are planned to be listed on Nasdaq Iceland, anticipated for trading in July 2025. This move highlights Kvika banki hf.'s commitment to enhancing liquidity and providing investors with further opportunities to engage with its securities.
Investor Relations Contact Information
Kvika banki hf. remains dedicated to investor engagement and encourages potential investors to reach out for more information. Interested parties can contact Kvika's investor relations team via email at ir@kvika.is or by phone at (+354) 540 3200. The team is ready to assist with any inquiries regarding the recent bond offering.
Conclusion: A Positive Step for Kvika Banki hf.
This recent bond offering not only indicates strong market confidence in Kvika banki hf. but also marks a significant step towards further strengthening its financial foundation and operational capabilities.
Frequently Asked Questions
What was the total amount of bids for the bond offering?
The total bids amounted to ISK 9,860 million during the bond auction.
What is the spread for the accepted bids?
The accepted bids had a spread of 1.14% over the 3M REIBOR interest rate.
When will the bonds be admitted to trading?
The bonds are scheduled to be admitted to trading on Nasdaq Iceland in July 2025.
What is the maturity period of the bonds?
The bonds have a maturity of three years, with interest paid quarterly.
How can investors get in touch with Kvika's investor relations?
Investors can contact Kvika's investor relations at ir@kvika.is or via telephone at (+354) 540 3200.
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