Landsvirkjun
Landsvirkjun issues a 10 year bond
Landsvirkjun 14.08.2013 15:57 Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Today, Landsvirkjun signed a 10 year private placement amounting toUSD 30 million, equivalent to 3.6 billion ISK. The bond was issued under a new Euro Medium Term Note programme (EMTN) for debt issuance without the guarantee of collection, which was signed on July 26 this year. Rafnar Lárusson, CFO: 'Landsvirkjun has been considering for some time the possibility of issuing bonds without the guarantee of collection for debt issuance. We soon noticed considerable interest from investors, which encouraged us to establish a new EMTN programme, and subsequently sign an agreement to issue the first bond'. The bond carries a fixed interest rate of 4.45% with semi-annual interest payments with a single principal payment in 2023.The dealer for the transaction was Arion Bank. For further information please contact Rafnar Larusson, CFO at +354 515 9010 or by email: rafnar@lv.is News Source: NASDAQ OMX 14.08.2013 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 ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found