Arctica Finance managed the sale of bonds issued by Styrkás hf., STYRK 300125. It also handled their admission to trading, as well as collection and settlement in connection with the issue.
Styrkás hf. sold ISK 1,220 million in nominal value. The bonds carry a floating rate of 1M REIBOR plus a spread of 1.50%. The series is repaid in a single instalment on the final maturity date, 25th of January 2030. Following the issue, the total size of the series will be ISK 2,920,000,000.
The bonds will be issued electronically. Following the issue, the company will apply for the bonds to be admitted to trading on Nasdaq Iceland.
Investors could only pay with bonds in the STYRK 271015 series, which were accepted at par. This equals a spread of 1.50% over 1M REIBOR. After settlement, STYRK 271015 will have ISK 980,000,000 outstanding.
Payment and settlement are scheduled for Wednesday, the 11th of November 2026.
Styrkás hf. is an operating company founded in 2022. Its subsidiaries are Skeljungur, Klettur, Stólpi and Hreinsitækni, which together make up the group. Styrkás is a leading business-to-business service company with the strength to serve infrastructure and industrial investment in Iceland. Styrkás has begun preparing to list its shares on Nasdaq Iceland, with the aim of listing in the second quarter of 2027.
For further information, please contact:
Magnús Símonarson, magnuss@arctica.is
