Yesterday, August 21st, 2018, Orkuveita Reykjavikur concluded a bond offering. Fossar Markets managed the process on behalf of OR.
Total demand amounted to ISK 5,115m nominal amount.
Total offers for the OR090546 bond amounted to ISK 2,040m at a yield between 2.75% - 2.89%. OR decided to accept offers for a total amount of ISK 1,580m at a yield of 2.85%.
Total offers for the OR090524 bond amounted to ISK 3,075m at a yield between 2.65% - 2.80%. OR decided to accept offers for a total amount of ISK 2,365m at a yield of 2.75%.
A request will be made that the new bonds will be accepted for trading at the Icelandic Stock Exchange, Nasdaq Iceland, on 28 August.
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