|
|||
2010-09-27 14:23:51 CEST 2010-09-27 14:24:50 CEST REGULATED INFORMATION Landsvirkjun - Company AnnouncementLandsvirkjun bond issue oversubscribedLandsvirkjun has made an agreement for an increase of its recent bond issue, from USD 100 million to USD 150 million. The Deutsche Bank arranges the increase of the issue and the buyers are foreign investors. There are no other changes to the issue, the term is five years and the bonds bear 6.5% fixed interest. Hörður Arnarson, Landsvirkjun's CEO says that this increase is very positive for the company: “This increase is very positive for Landsvirkjun and reflects the good reception received by the initial bond issue. It is very positive to get more investors involved and it is clear that Landsvirkjun has succeeded in building the trust demonstrated by this oversubscription”. The company now has at its disposal USD 500 million to meet its commitments in the coming years. The company is now close to completing its long term recapitalisation based on current operations. Further information is provided by Ragna Sara Jónsdóttir, Head of Corporate Communications, sara@lv.is and by Kristján Gunnarsson, Treasurer, kristjan@lv.is. 27 September 2010. |
|||
|