By Devika Patel
Knoxville, Tenn., Feb. 13 – Orkuveita Reykjavikur completed an offering of 36-year green bonds and accepted bids for ISK 3,528,000,000 of bonds, according to a press release. Fossar Markets was the agent.
Bids totaled ISK 6,258,000,000 at a yield of 2.5% to 2.7%. The company accepted bids totaling ISK 3,528,000,000 at a yield of 2.6%.
Proceeds will be used to finance an array of green projects within the company, with the goal of reducing carbon emissions by 60% by 2030.
The energy and utility company is based in Reykjavik, Iceland.
Issuer: | Orkuveita Reykjavikur
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Securities: | Green bonds
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Amount: | ISK 3,528,000,000
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Maturity: | Feb. 18, 2055
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Yield: | 2.6%
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Agent: | Fossar Markets
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Settlement date: | Feb. 13
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