Arctica Finance managed the sale of bonds issued by Útgerðarfélag Reykjavíkur hf., UR 291116. It also handled their admission to trading, as well as collection and settlement in connection with the issue.
Útgerðarfélag Reykjavíkur hf. sold ISK 3,540 million in nominal value. The bond carries a floating rate of 1M REIBOR plus a spread of 1.30%. The series is repaid in a single instalment on the final maturity date, 16 November 2029.
The bonds will be admitted to trading on the Nasdaq Iceland Main Market and are issued under the company’s issuance framework.
The payment and settlement date is scheduled for Monday, 16 November 2026.
The offering was exempt from the requirement to publish a prospectus under points (a), (b), (c) and (d) of Article 1(4) of Regulation (EU) 2017/1129 of the European Parliament and of the Council. That regulation covers the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and it was implemented in Iceland by Act No. 14/2020.
“As always, we at ÚR are grateful for the confidence investors have shown in the company. It is clear that the domestic financial market believes in companies in the Icelandic fishing industry.”
Magnús Símonarson, magnuss@arctica.is
