Orkuveita Reykjavíkur - Other information disclosed according to the rules of the Exchange

Orkuveita Reykjavíkur – Bond Issue Results

Reykjavík, 2017-05-23 00:18 CEST (GLOBE NEWSWIRE) -- On Monday, May 22rd 2017,
Orkuveita Reykjavíkur (OR; Reykjavík Energy) issued three bonds in bonds
offerings. The investment banking division at Arion Bank managed the issue and
introduced it to investors. OR decided to accept offers for a total amount of
ISK 

1,650 million and issue bonds in the OR090546 category for ISK 1,250 million at
a yield of 3.14% and in the OR090524 category for ISK 400 million at a yield of
3.35%. 



In the auction, indexed to 29 year annuity bonds were offered in the OR090546
category, an indexed to 7 years annuity bonds in the OR090524 category and a 5
and a half year coupon bonds in a category, OR01122. Total offers amounted to
ISK 1,950 million at a yield between 2.99 – 3.19% for the OR090546 category and
a yield 3.35% for the OR090524. 

Payment, issue and delivery of bonds is planned on May 26th 2017. A request
will be made that the bonds will be accepted for trading at the Icelandic Stock
Exchange, Nasdaq Iceland, on the same day. In the OR090546 category, a total
amount of ISK 8,531,724,833 and in the OR090524, a total amount of ISK
1,688,000,000 has already been issued and traded on the Icelandic Stock
Exchange. 


         Contacts:
         
         Ingvar Stefánsson, Chief Financial Officer.
         Tel. 516-6100, e-mail: ingvar.stefansson@or.is
         
         Brynja Kolbrún Pétursdóttir, Head of Treasury, Planning and Analysis.
         Tel. 516-6100, e-mail: brynja.kolbrun.petursdottir@or.is
         
         Birgir Guðfinnsson, investment banking division at Arion Bank hf.
         Tel. 444-7337, e-mail: verdbrefamidlun@arionbanki.is