Arctica Finance managed the sale of a new bond series issued by Styrkás hf., STYRK 300125.
Styrkás hf. sold bonds with a nominal value of ISK 1,700 million. The bonds carry floating interest, 1M REIBOR plus a 1.50% interest spread. The series has a four-year term and will be repaid in a single installment on the maturity date, January 25, 2030. The issuance may be expanded to a maximum of ISK 5 billion. The bonds are issued in a dematerialized form, and following the issuance, the company will apply for the bonds to be admitted to trading on the Nasdaq Iceland Main Market.
Sverrir Bergsteinsson, sverrirb@arctica.is
Magnús Símonarson, magnuss@arctica.is
