Landsvirkjun
Landsvirkjun issues a 10 year bond
Landsvirkjun 30.08.2011 19:02 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Today, Landsvirkjun signed a 10 year private placement amounting to USD 70 million (some 8 billion ISK). The bond has a 4,9% fixed rate with semi-annual interest payments with a single principal payment in 2021. The dealer for the transaction is Islandsbanki. The proceeds will be used for general refinancing purposes and funding of constructions in Northeast Iceland, that is expected to start next year. Landsvirkjun puts great emphasis on prefunding future projects in light of the current market turmoil in international financial markets. Reykjavík, August 30, 2011 Further information is provided by Rafnar Lárusson, CFO, telephone 515-9010, e-mail rafnar@lv.is. News Source: NASDAQ OMX 30.08.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Landsvirkjun Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000003127 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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