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Landsbankinn hf.: Landsbankinn's results for the first half of 2025
Globenewswire· 2025-07-17 16:08
Core Viewpoint - Landsbankinn's strong half-year results indicate a solid position, with improvements in customer satisfaction and stable operations despite market volatility impacting investment returns [1] Financial Performance - The profit for the first half of 2025 was ISK 18.3 billion after tax, with ISK 10.4 billion in the second quarter [6] - Annualized Return on Equity (ROE) was 11.5%, up from 10.5% in the previous year [6] - Net interest income reached ISK 32.5 billion, while net fee and commission income was ISK 6.2 billion [6] - The net interest margin was 2.9% for total assets and 2.1% for domestic households [6] - The total capital ratio stood at 24.0%, exceeding the Financial Supervisory Authority's requirement of 20.4% [6] Market Activity - There has been a slowdown in mortgage lending, with reduced demand for non-indexed mortgages, while corporate lending has shown steady growth [2] - The bank successfully issued EUR 300 million in green bonds, marking all euro-denominated bond issues as green following a credit rating upgrade [2][6] Strategic Developments - The integration of TM into the Landsbankinn group is progressing well, with a focus on increasing TM's market share in the insurance sector [3] - The bank is emphasizing careful and professional management of the sale of historic properties in the city center [4] Credit Rating and Dividends - S&P Global Ratings upgraded the bank's credit rating from BBB+ to A-, the highest since 2014 [6] - The bank's AGM approved a dividend payment of ISK 18.9 million, bringing total dividends paid since 2013 to ISK 210.6 billion by year-end [6]
Green Bond Issuance By U.S. REITs Down In H1 2025
Seeking Alpha· 2025-07-17 09:48
Sansert Sangsakawrat/iStock via Getty Images Green bond issuance by US equity real estate investment trusts subsided in the first half of 2025, according to an S&P Global Market Intelligence analysis. Datacenter REIT Equinix Inc. (EQIX) was the sole ...
RCI Banque: ‘’ Statutory auditors report on Green Bond allocation’’
Globenewswire· 2025-06-30 16:00
June 30th, 2025 RCI Banque: ‘’ Statutory auditors report on Green Bond allocation’’ Statutory auditors report on Green Bond allocation dated June 17th, 2025, is now available on the Mobilize Financial Services website www.mobilize-fs.com. Attachment Green Bond Rapport CAC 2024 V1706 ...
RCI Banque: ‘’Green Bonds Allocation Report & Impact Report 31/12/2024’’
Globenewswire· 2025-06-30 16:00
June 30th, 2024 RCI Banque: ‘’Green Bonds Allocation Report & Impact Report 31/12/2024’’ Green Bonds Allocation Report & Impact Report as of December 31st, 2024, is now available on the Mobilize Financial Services website www.mobilize-fs.com Attachment Green Bond Allocation Impact Report 122024 ...
Landsbankinn hf.: Green bond issuance in euros
Globenewswire· 2025-06-16 13:27
Group 1 - Landsbankinn has successfully concluded the sale of a new 5-year green bond amounting to EUR 300 million with a fixed rate of 3.50% [1] - The bonds were sold at terms equivalent to a spread of 135 basis points above mid-swap market rates [1] - Total demand for the bonds reached EUR 1.3 billion from approximately 100 investors across the UK, Nordics, continental Europe, and Asia [2] Group 2 - The bonds will be issued under the bank's EMTN programme and are aligned with the bank's sustainable finance framework, which has been reviewed by Sustainalytics [3] - The bonds are set to be admitted to trading on Euronext Dublin starting from June 24, 2025 [3] - The dealer managers for this bond issuance include Deutsche Bank, Goldman Sachs, Morgan Stanley, and UBS [4]
Reykjavík Energy | Green Bond Auction June 19th
Globenewswire· 2025-06-12 21:46
Group 1 - Reykjavík Energy is conducting a bond auction on June 19, 2025, offering three classes of green bonds: OR031033 GB, OR280845 GB, and OR180255 GB [1][2][3] - OR031033 GB has a fixed nominal interest rate of 8.30%, with equal semi-annual payments and a maturity date of October 3, 2033. Previously issued bonds in this class totaled ISK 8,990 million [1] - OR0280845 GB carries a fixed interest rate of 3.70%, with equal semi-annual payments and a maturity date of August 28, 2045. This bond is redeemable in 2037, with previous issuances totaling ISK 8,000 million [2] - OR180255 GB has a fixed interest rate of 2.60%, with equal semi-annual payments and a maturity date of February 18, 2055. Previous issuances in this class amounted to ISK 38,521 million [3] Group 2 - The bond issuance and sale are overseen by Fossar Investment Bank hf., which also manages their admission to trading on the Nasdaq sustainable bonds market in Iceland [3] - Bids for the bonds must be submitted by email before UTC 17:00 on June 19, 2025, with transactions settled on June 26, 2025 [4] - Contact information for key personnel involved in the bond auction is provided, including the CFO of Reykjavík Energy and representatives from Fossar Investment Bank [4]
Issue of 32.274 MEUR Green Bonds of UAB "Atsinaujinančios energetikos investicijos" and implementation of the cash tender offer
Globenewswire· 2025-06-12 20:13
UAB "Atsinaujinančios energetikos investicijos" (hereinafter, the “Company”) on 11 June 2025 has finished a public offering led by FMĮ “Orion securities” during which the Company has successfully distributed 32.274 MEUR Green Bonds first series and first tranche issue at 8.0% yield, under its EUR 100 million unsecured fixed-interest note programme. The base prospectus of the programme was approved by the Bank of Lithuania on 27 May 2025. This transaction marks a continuation of the implementation of a disti ...
Norsk Hydro: Successful placement of inaugural European Green Bond
Globenewswire· 2025-06-10 16:30
Norsk Hydro ASA has successfully issued EUR 500 million of senior unsecured European Green Bonds (EuGB) under its Euro Medium Term Note (EMTN) Programme. The new bond has a tenor of 8 years and a fixed annual coupon of 3.75 percent (3.779 percent reoffer yield). "We are delighted to have completed such a successful placement and issued our inaugural EuGB. The strong interest confirms that Hydro is considered an attractive investment for bond investors supporting our strategy of pioneering the green aluminiu ...
Reykjavik Energy – Green Bond Series Offering Results OR180242 GB
Globenewswire· 2025-05-23 11:19
Group 1 - Reykjavik Energy concluded a green bond offering on May 23, 2025, increasing the size of the green bond series OR1802142 GB [1] - The company issued bonds amounting to ISK 5,300 million nominal value at a yield of 7.78% [1] - Following the increase, the total nominal value of bonds issued in the series reached ISK 11,538 million [1] Group 2 - Fossar Investment Bank is overseeing the issuance and sale of the bonds, as well as their admission to trading on the Nasdaq market in Iceland [1]
VGP Announces €76 Million Tap Issuance Under Green Bond Framework with EBRD
Globenewswire· 2025-05-19 16:00
Core Points - VGP NV announced a tap issuance of €76 million in additional senior unsecured Green Bonds, subscribed by the European Bank for Reconstruction and Development (EBRD) [2] - The total outstanding amount of green bonds now stands at €576 million, which includes the existing €500 million green bonds due on 29 January 2031 [3] - The net proceeds from the issuance will exclusively finance or refinance eligible Green Projects aligned with VGP's Sustainable Finance Framework [4] Company Overview - VGP is a pan-European owner, manager, and developer of high-quality logistics and semi-industrial properties, as well as a provider of renewable energy solutions [8] - As of December 2024, VGP's gross asset value was €7.8 billion, with a net asset value (EPRA NTA) of €2.4 billion [8] - The company operates in 18 European countries and has around 380 full-time employees [8]