Results of ITHAKA Bond Offering: Insight on ITHAKA 300834
Understanding the ITHAKA 300834 Bond Offering
Íþaka fasteignir ehf. recently completed the sale of bonds in the ITHAKA 300834 bond series. This bond series is indexed to inflation and is designed with a final maturity date set for 2034.
Details of the Bond Structure
The ITHAKA 300834 bonds come with a repayment structure that features a 30-year annuity, allowing for monthly payments. The principal amount owed will be fully repaid at maturity, which will occur in 2034.
Bond Issuance Highlights
A total of 3.5 billion króna worth of bonds were sold, yielding interest rates of 4.16%. The demand was significantly strong, with total requests reaching 4.28 billion króna, indicating a range of yields between 3.99% and 4.39%.
Future Plans for the ITHAKA Bonds
Following the bond offering, settlement of these transactions is anticipated to occur soon. It is expected that the new bonds will subsequently be listed for trading on the Main Market of Nasdaq Iceland.
The Role of Íslandsbanki
Íslandsbanki acted as the manager for the issuance and sale of these bonds and has played a pivotal role in facilitating their listing on Nasdaq Iceland.
Contact Information for Further Inquiries
For additional details, you may reach out to Gunnar Valur Gíslason, the managing director of Íþaka fasteignir ehf. He can be contacted via phone at 822-4403.
Frequently Asked Questions
What are the key features of the ITHAKA 300834 bonds?
The ITHAKA 300834 bonds offer a repayment term of 30 years with monthly payments and a full repayment due in 2034.
How much were the bonds sold for?
The bonds were issued for a total of 3.5 billion króna based on a yield of 4.16%.
What was the demand for the bonds?
There was a high demand for the bonds, reaching 4.28 billion króna, which shows a diverse interest in various yield brackets.
When is the settlement date for the bonds?
The settlement for the bond transactions is expected to happen soon, with anticipation for trading on Nasdaq Iceland thereafter.
Who managed the bond issuance?
Íslandsbanki was tasked with overseeing the issuance and sale of the bonds to ensure a smooth process and their future trading.
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