Iceland’s Kvika banki to offer green bonds due 2025 via Dutch auction

By Mary-Katherine Stinson

Lexington, Ky., Nov. 17 – Kvika banki hf will offer green bonds in a new series, Kvika 25 1201 GB, with a maturity date of Dec. 1, 2025 via Dutch auction, according to a notice.

The bonds will be sold at the highest accepted spread over Reibor.

Total issuance will be limited to ISK 5 billion.

Capital Markets at Kvika manages the auction and bids will be received through the email utbod@kvika.is until 11 a.m. ET on Nov. 24.

The expected settlement date is Dec. 1.

The bonds will be issued under Kvika’s green financing framework and listed on the Nasdaq Iceland Exchange.

The issuer is a specialized bank focusing on asset management and investment services based in Reykjavik, Iceland.

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