Arctica Finance managed the sale of a new bond series issued by Styrkás hf., STYRK 271015. This marks the company's inaugural bond issuance.
Styrkás hf. sold bonds with a nominal value of ISK 2,200 million. The bonds carry floating interest, equal to 1M REIBOR plus a 1.50% margin. The series has a two-year maturity and will be repaid with a single payment at maturity on 15 October 2027. The issuance may be increased up to ISK 5 billion. The bonds are issued electronically, and the company will, following the issuance, apply to have them admitted to trading on the Nasdaq Iceland Main Market.
The company's official announcement can be found here.
Sverrir Bergsteinsson, sverrirb@arctica.is
Magnús Símonarson, magnuss@arctica.is
Styrkás hf. is an operating company established in 2022. Its subsidiaries include Skeljungur ehf., Klettur – sala og þjónusta ehf., and Stólpi ehf., which together form the Styrkás Group. The company’s strategy is to become a leading service provider in the corporate market, equipped to support infrastructure and industrial investment in Iceland. The company aims to build on its strong foundations through both organic and external growth across five core areas; energy and chemical products, machinery and equipment, asset management and leasing, environmental services and industrial operations. The company aims to be listed on the Icelandic stock exchange before the end of 2027.
