By Wendy Van Sickle
Columbus, Ohio, April 3 – Orkuveita Reykjavikur sold 2.02 billion krona of bonds in three tranches at auction on Monday to yield 3.29%, according to a press release.
The categories of bonds offered included 29-year annuity bonds, seven-year annuity bonds and six-year coupon bonds.
Total offers amounted to 2.89 billion krona.
Yields ranged from 3.19% to 3.34% for the 29-year annuity bonds and from 5.6% to 5.65% for the coupon bonds.
Arion Bank managed the issue.
Settlement is expected on April 12.
The energy and utility company is based in Reykjavik, Iceland.
| Issuer: | Orkuveita Reykjavikur
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| Issue: | Bonds
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| Options: | 29-year annuity bonds, seven-year annuity bonds and six-year coupon bonds
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| Amount: | 2.02 billion krona
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| Manager: | Arion Bank
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| Yield: | 3.29%
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| Auction date: | April 3
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| Settlement date: | April 12
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