Skip to main content

Kvika banki hf.: Offering of Tier-2 bonds on 5 December

Written by Customer Service on . Posted in Public Companies.

Kvika will offer Tier-2 subordinated bonds in a new series, KVIKA 31 1211 T2i, for sale today, Tuesday 5 December. The subordinated bonds will be issued under Kvika’s EMTN programme and listed on Nasdaq Iceland.

The subordinated bonds are index linked and have an annual coupon of 6.25%. The maturity of the bonds is 11 December 2034 and are callable by the issuer call at the interest payment date of 11 December 2029 and on every subsequent interest payment date.

The subordinated bonds are offered at par. On offer now is ISK 2,000 million where total issuance in the series is limited to ISK 4,000 million.

Capital Markets at Kvika manages the auction and bids will be received through the email markadsvidskipti@kvika.is until 16:00 GMT on Tuesday 5 December.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.