Successful bond auction managed by Fossar Markets
Fossar Markets managed OR’s bond auction yesterday, February 5th, 2018.
Total demand amounted to ISK 3,610m nominal amount.
Total offers for the OR090546 bond amounted to ISK 1,850m at a yield between 2.74% – 2.90%. OR decided to accept offers for a total amount of ISK 1,310m at a yield of 2.85%. In addition, the designated market makers exercised the right to purchase ISK 200m.
Total offers for the OR090524 bond amounted to ISK 1,380m at a yield between 2.50% – 2.95%. OR decided to accept offers for a total amount of ISK 475m at a yield of 2.70%. In addition, the designated market makers exercised the right to purchase ISK 180m.
“The offering was successful, and it was the largest auction, in terms of total demand, that OR has conducted in recent years, and the team at Fossar Markets is very excited for continued cooperation with OR”.
– Matei Manolescu, Fixed Income team at Fossar Markets.
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