By Wendy Van Sickle
Columbus, Ohio, Feb. 28 – Orkuveita Reykjavikur sold 3.1 billion krona of bonds in three tranches at auction on Tuesday, accordion to a notice.
The issuer accepted offers for 2 billion krona of indexed-to-29-year annuity bonds to yield 3¼%. Yields ranged from 3.21% to 3.38%.
It also accepted offers for 600 million krona of seven-year annuity bonds at a yield of 3.39%. Yields ranged from 3.39% to 3.4%.
Finally, the issuer accepted offers for 350 million krona of six-year coupon bonds at a yield of 5.6%. Yields ranged from 5.6% to 5.79%.
Arion Bank managed the issue.
Settlement is expected on March 3.
The energy and utility company is based in Reykjavik, Iceland.
| Issuer: | Orkuveita Reykjavikur
|
| Issue: | Bonds
|
| Amount: | 3.1 billion krona
|
| Auction date: | Feb. 28
|
| Settlement date: | March 3
|
|
|
| 29-year annuity bonds
|
| Amount: | 2 billion krona
|
| Yield: | 3¼%
|
|
|
| Seven-year annuity bonds
|
| Amount: | 600 million krona
|
| Yield: | 3.39%
|
|
|
| Six-year coupon bonds
|
| Amount: | 350 million krona
|
| Yield: | 5.6%
|
|
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