Arctica Finance managed the sale of a new bond series issued by ISNIC Holding ehf.; ISNIC 280320. ISNIC Holding ehf., the parent company of Internet á Íslandi hf., sold bonds with a nominal value of ISK 1,500,000,000. The bonds bear 1-month REIBOR interest with a 1.60% spread and will be repaid in a single installment on the maturity date, March 20, 2028. The bonds will be issued electronically, and subsequently, the company will apply for them to be admitted to trading on the Main Market of Nasdaq Iceland.
In addition to Arctica Finance, BBA//Fjeldco provided advisory services in connection with the issuance.
Sverrir Bergsteinsson, sverrirb@arctica.is
Magnús Símonarson, magnuss@arctica.is
