Bonds issued by Hafnarfjarðarkaupstaður (Symbol: HFJ 14 1) have received observation status with reference to an announcement published by Hafnarfjarðarkaupstaður on May 30th 2016, 16:41:14 CET, due to uncertainty in regards to the price formation of the bonds as a result of a dispute between the issuer and the monitoring specialist regarding the calculation method of the bond‘s cash flow.
The decision is based upon article 8.2 in the Rules for Issuers of Financial Instruments on Nasdaq Iceland hf. The article states that the Exchange may decide to give a class or classes of financial instruments of the issuer concerned temporarily an observation status due to uncertainty regarding their price formation.