Reykjavík Energy | Green Bond Auction Results

Core Insights - Reykjavík Energy (RE) successfully concluded a green bond auction with total bids amounting to ISK 7,785 million nominal value across three bond classes [1][2][3]. Bond Classes Summary - OR031033 GB: - Fixed nominal interest of 8.30% with equal semi-annual payments and a maturity date of October 3, 2033 - Previous issuance amounted to ISK 6,390 million - Attracted bids totaling ISK 2,735 million at yields between 7.99% - 8.23%, with RE accepting ISK 1,205 million at a yield of 8.05% [1][2]. - OR280845 GB: - Fixed indexed interest of 3.70% with equal semi-annual payments and a maturity date of August 28, 2045 - Previous issuance amounted to ISK 4,770 million - Attracted bids totaling ISK 4,250 million at yields between 3.44% - 3.99%, with RE accepting ISK 3,000 million at a yield of 3.90% [3][4]. - OR180255 GB: - Fixed indexed interest of 2.60% with equal semi-annual payments and a maturity date of February 18, 2055 - Previous issuance amounted to ISK 36,966 million - Attracted bids totaling ISK 800 million at yields between 3.45% - 3.53%, with RE accepting ISK 450 million at a yield of 3.46% [4][5]. Additional Issuance - Reykjavík Energy plans to issue an additional ISK 480 million in each of the green bond classes OR031033 GB and OR280845 GB, which will not be sold to investors, to meet bond lending obligations under a market-making agreement [5]. Oversight and Trading - Fossar Investment Bank is responsible for overseeing the issuance and sale of the bonds, as well as their admission to trading on the Nasdaq market in Iceland, specifically for sustainable bonds [6].