Fossar Markets engaged to manage OR’ bond auction
Reykjavik Energy (OR) has engaged Fossar Markets hf. to manage OR’s bond auctions for the next 12 months in the following bond series. Both series have been admitted for trading on Nasdaq OMX Iceland.
Series OR090546: Indexed annuities to nearly 29 years. Previously issued bonds with a nominal value of ISK 14,491,243,199.
Series OR090524: Indexed annuities to nearly 7 years. Previously issued bonds with a nominal value of ISK 2,088,000,000.
The Board of Directors at Reykjavik Energy has approved financing in the form of loans, bonds or bills in the year 2018 up to an amount of ISK 15 billion.
The first auction will be conducted, on Monday February 5th, 2018, in both bond series. The offer will be closed with a Dutch method where all bonds will be sold at the highest yield accepted for each series. Reykjavik Energy reserves the right to accept any offer partially or in full, or refuse all offers. Results of the offering will be officially published no later than the next business day.
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