Reykjavík, 2017-10-25 14:33 CEST (GLOBE NEWSWIRE) -- On Tuesday October 31st 2017, an offer will be conducted of new bonds in three bond series as can be seen below. They have all been admitted for trading on Nasdaq Iceland.
Series OR090546: Indexed annuities to nearly 29 years. Previously issued bonds with a nominal value of ISK 10,281,724,833.
Series OR090524: Indexed annuities to nearly 7 years. Previously issued bonds with a nominal value of ISK 2,088,000,000.
Series OR011222: Coupon bonds to 5 years. Previously issued bonds with a nominal value of ISK 850,000,000.
The investment banking division at Arion Bank is managing the offering and will introduce it to possible investors. The issue will be closed with a Dutch method where all bonds will be sold at highest yield accepted for each series. Orkuveita Reykjavíkur 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.
Further information:
Birgir Guðfinnsson, investment banking division at Arion Bank hf. Tel. 444-7337. E-mail: verdbrefamidlun@arionbanki.is
Ingvar Stefánsson, CFO. Tel. 516-6100. E-mail: ingvar.stefansson@or.is