Successful Completion of Reykjavik Energy's Green Bond Offering

Author: Dylan Bailey Updated: 05-23-2025 07:30 AM

Highlights from Reykjavik Energy's Green Bond Offering

Reykjavik Energy recently wrapped up a significant green bond offering, marking a substantial achievement for the company. This initiative aims to bolster Reykjavik Energy’s sustainability efforts while gaining meaningful financial backing to support further developments. The increase of the green bond series OR180242 GB has seen increased interest, reflecting a growing commitment to eco-friendly projects.

Bond Details and Financial Metrics

The green bonds were issued with a nominal value totaling ISK 5,300 million. The yield was set at an attractive 7.78%, capturing the attention of investors keen on contributing to environmental initiatives. Following this offering, the total bonds issued within this series have now reached ISK 11,538 million, underlining strong investor support and confidence in Reykjavik Energy's future.

Role of Fossar Investment Bank

Fossar Investment Bank has taken a lead role in overseeing the issuance and sale of these green bonds. Their involvement includes ensuring that the bonds are admitted to trading on the Nasdaq market in Iceland. This partnership is vital in maintaining transparency and fostering trust in sustainable bond offerings.

Commitment to Sustainability

Reykjavik Energy's green bond offering is part of a broader commitment to sustainability and responsible energy solutions. The funds raised from this initiative will be pivotal in advancing eco-friendly projects that align with global sustainability goals. By supporting these initiatives, Reykjavik Energy is not only enhancing its operational capabilities but also contributing positively to the environment.

Contact Information for Further Inquiries

For more details about the green bond offering or sustainable projects, you can reach out to the financial team at Reykjavik Energy. Snorri Hafsteinn Thorkelsson, the CFO, is available at +354 516 6100, and you can email him at snorri.hafsteinn.thorkelsson@orkuveitan.is. Additionally, Matei Manolescu from Fossar Investment Bank can be contacted at +354 522 4008 or via email at matei.manolescu@fossar.is.

Frequently Asked Questions

What is the purpose of the green bond offering?

The green bond offering aims to finance environmentally friendly projects and support Reykjavik Energy’s sustainability initiatives.

How much was the nominal value of the bonds issued?

The nominal value of the bonds issued amounted to ISK 5,300 million.

What is the yield for the green bonds?

The green bonds were issued with a yield of 7.78%.

Which organization oversees the bond issuance?

The bond issuance is overseen by Fossar Investment Bank.

How can investors contact Reykjavik Energy for more information?

Investors can contact Snorri Hafsteinn Thorkelsson or Matei Manolescu via the provided phone numbers or email addresses.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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