Landsvirkjun - Company Announcement

Landsvirkjun issues a 10 year bond

Today, Landsvirkjun signed a 10 year private placement amounting toUSD 30
million, equivalent to 3.6 billion ISK. The bond was issued under a new Euro
Medium Term Note programme (EMTN) for debt issuance without the guarantee of
collection, which was signed on July 26 this year. 


Rafnar Lárusson, CFO:
“Landsvirkjun has been considering for some time the possibility of issuing
bonds without the guarantee of collection for debt issuance. We soon noticed
considerable interest from investors, which encouraged us to establish a new
EMTN programme, and subsequently sign an agreement to issue the first bond”. 

The bond carries a fixed interest rate of 4.45% with semi-annual interest
payments with a single principal payment in 2023.The dealer for the transaction
was Arion Bank. 





For further information please contact Rafnar Larusson, CFO
at +354 515 9010 or by email: rafnar@lv.is