Yesterday, May 3rd, 2018, Orkuveita Reykjavikur concluded a bond offering. Fossar Markets managed the process on behalf of OR.
Total demand amounted to ISK 1,300m nominal amount.
Total offers for the OR090546 bond amounted to ISK 720m at a yield between 2.80% - 2.86%. All offers for OR090546 were accepted.
Total offers for the OR090524 bond amounted to ISK 580m at a yield between 2.70% - 2.90%. OR decided to accept offers for a total amount of ISK 280m at a yield of 2.82%.
A request will be made that the new bonds will be accepted for trading at the Icelandic Stock Exchange, Nasdaq Iceland, on 11 May.
Further information:
Ingvar Stefánsson, CFO, tel: 516-6100, email: ingvar.stefansson@or.is
Matei Manolescu, Fixed income at Fossar Markets, tel:522 4008, email: matei.manolescu@fossarmarkets.com