Brief: Kvika Issues Green Bonds For First Time

Kvika banki

09/12/2021 17:54

Dec 9 (Reuters) - Kvika banki hf  KVIKA.IC :
    * KVIKA ISSUES GREEN BONDS FOR FIRST TIME
    * TOTAL BIDS AMOUNTED TO ISK 5,420 MILLION
    * BONDS HAVE A MATURITY OF 3 YEARS AND PAY INTEREST
QUARTERLY
    * BONDS WILL BE ISSUED UNDER BANK'S DOMESTIC DEBT PROGRAMME
WITH
REFERENCE TO ITS GREEN FINANCING FRAMEWORK
    * ACCEPTED BIDS AMOUNTED TO ISK 4,500 MILLION AT A 0.90%
SPREAD
OVER 3 MONTHS REIBOR INTEREST RATE
    * BONDS ARE SCHEDULED TO BE ADMITTED TO TRADING ON NASDAQ
ICELAND'S SUSTAINABLE DEBT MARKET ON 16(TH) OF DECEMBER 2021

Source text for Eikon:  ID:nGNE6jHpW0 
Further company coverage:  KVIKA.IC 

 ((Reuters.Briefs@thomsonreuters.com;))