By Angela McDaniels
Tacoma, Wash., Nov. 23 – Orkuveita Reykjavikur priced 1.45 billion Icelandic krona of 3.39% 30-year indexed annuity bonds and 500 million krona of 5.99% six-year coupon bonds, according to a company news release.
Arion Bank acted as manager.
The company received offers for 2.96 billion krona of the bonds at a Dutch auction at yields between 3.29% and 3.44% for the indexed annuity bonds and yields between 5.94% and 6.4% for the coupon bonds.
The 30-year bonds are a tap of an earlier issue, of which 4.01 billion krona is already outstanding.
Orkuveita Reykjavikur, also known as Reykjavik Energy, is a public utility company providing electricity and water. It is based in Reykjavik, Iceland.
| Issuer: | Orkuveita Reykjavikur
|
| Amount: | 1.95 billion Icelandic krona
|
| Manager: | Arion Bank
|
| Pricing date: | Nov. 23
|
| Settlement date: | Dec. 1
|
|
|
| Indexed annuity bonds
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| Amount: | 1.45 billion krona
|
| Tenor: | 30 years
|
| Coupon: | 3.39%
|
|
|
| Coupon bonds
|
| Amount: | 500 million krona
|
| Tenor: | Six years
|
| Coupon: | 5.99%
|
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