Correction - OR Green Bond Offering on 12 June

World News: . []

In this corrected release, it has been emphasised that the auction is closed. The original Icelandic version of the release was correct.


Fossar Markets manage the auction process on behalf of OR and will handle investor relations. The auction is closed and structured as a single-price auction, which means that all accepted bids will be sold to investors at the same price where the lowest accepted price (highest yield) will determine the selling price. OR reserves the right to accept all of the submitted bids, accept part of them, or reject all of them. The total amount of accepted bids will be announced after the auction.

In relation to the bond offering, OR has established a green bond framework – Reykjavik Energy Green Bond Framework. The Green Bond Framework conforms to the „green bond principles“, guidelines put forward by ICMA, the International Capital Market Association. The Green Bond Framework is based on four pillars; (i) use of proceeds, (ii) process for project evaluation and selection, (iii) management of proceeds and (iv) reporting.

The bond offering conforms with approved financing in the form of loans, bonds or bills of Reykjavík Energy for the year 2019.

Further information: Ingvar Stefánsson CFO +354 516-6100

Matei Manolescu Fossar Markets +354 522-4008

More news and information about Orkuveita Reykjavíkur

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Globe Newswire: 15:13 GMT Wednesday 12th June 2019

Published: .

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