Hagar hf. has accepted investor bids for bonds in a new series, HAGA181024. The bond series is non-indexed with a 3-year term, maturing on October 18, 2024, and is secured by three of Hagar's key properties. The series consists of interest-bearing bonds with a fixed annual interest rate of 3.72%, payable semi-annually, with the principal repaid at maturity. Otherwise, the terms of the series are comparable to those of HAGA181021. Bonds with a nominal value of 2,500,000,000 ISK were sold at par.
Arctica Finance managed the transaction on behalf of Hagar.
