By Wendy Van Sickle
Columbus, Ohio, May 22 – Orkuveita Reykjavikur sold 3.3 billion krona of bonds in three tranches at auction on Monday, according to a press release.
The issuer priced 1.65 billion krona of 29-year annuity bonds.
Yields ranged from 2.99% to 3.19% for the 29-year annuity bonds.
It priced 1.25 billion krona of seven-year annuity bonds to yield 3.14%.
It also priced 400 million krona of 5.5-year coupon bonds to yield 3.35%.
Total offers amounted to 1.95 billion krona.
Arion Bank managed the issue.
Settlement is expected on May 26.
The energy and utility company is based in Reykjavik, Iceland.
| Issuer: | Orkuveita Reykjavikur
|
| Issue: | Bonds
|
| Amount: | 3.3 billion krona
|
| Auction date: | May 22
|
| Settlement date: | May 26
|
|
|
| 29-year annuity bonds
|
| Amount: | 1.65 billion krona
|
| Yield range: | 2.99% to 3.19%
|
|
|
| Seven-year annuity bonds
|
| Amount: | 1.25 billion krona
|
| Yield: | 3.14%
|
|
|
| 5.5-year coupon bonds
|
| Amount: | 400 million krona
|
| Yield: | 3.35%
|
|
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