Orkuveita Reykjavíkur
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Orkuveita Reykjavíkur - Green Bond Offering Results

Today, January 23rd 2020 Orkuveita Reykjavikur (OR; Reykjavik Energy) concluded its closed green bond offering in the series OR020934 GB and OR0180255 GB. The bonds pay a fixed real-interest rate with a semiannual annuity amortization schedule and have a final maturity on September 2nd 2034 and February 18th 2055, respectively.

OR020934 GB attracted bids amounting to ISK 870m at a yield of 1.68% - 1.78%. OR accepted bids amounting to ISK 500m at a yield of 1.69%. OR0180255 GB attracted bids amounting to ISK 3.316m at a yield of 1.75% - 1.82%. OR accepted bids amounting to ISK 1,380m at a yield of 1.78%.

Fossar Markets managed the process on behalf of OR. The green bond series will be listed on the Nasdaq Iceland Sustainable Bond market.

For further information please contact:

Ingvar Stefánsson, CFO, tel: +354 516 6100, email: ingvar.stefansson@or.is

Matei Manolescu, Capital Markets, Fossar Markets, tel: +354 522 4008, email: matei.manolescu@fossarmarkets.com

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NASDAQ OMX Nordic - NASDAQ OMX Stockholm AB published this content on 23 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 January 2020 18:34:08 UTC