Landsvirkjun (The National Power Company) completed on 13 January 2015 an auction of a 10 year bond for an amount of USD 30 million with offers received amounting to a total of USD 54 million. The bond carries a fixed interest rate of 4.3% with semi-annual interest payments and a single principal payment at maturity.
The bond is issued with approval from the Central bank of Iceland and sold to Icelandic pension funds. Furthermore the bond is issued under the Company’s EMTN (Euro Medium Term Note) program without a guarantee of collection, and will be listed in the Luxembourg Stock Exchange. Dealer for the transaction is Íslandsbanki.
The proceeds of the bonds will be used for general refinancing purposes.
For further information please contact Rafnar Larusson, CFO at +354 515 9000 or by email: rafnar@lv.is