Skip to main content

Iceland Seafood International hf completes a private placement of 4 years unsecured bond

Written by Customer Service on . Posted in Public Companies.

Iceland Seafood has concluded a private placement of 4 years unsecured bond in the new series ICESEA 25 06.  Total amount of the placement is ISK 3.400 million (approx. €23.1m) at a fixed rate of 5.65%.  The bond has semiannually interest payments, balance will be paid in one installment at 21.6.2025.   The bond is scheduled to be admitted to trading on Nasdaq Iceland in the coming weeks.

Since the listing of Iceland Seafood’s shares on the Nasdaq main market in 2019, the company has actively used the capital market for supporting both organic and acquisitive growth.  The company has raised new capital both in the form of equity and debts.  Important step was taken with issuance of 6 months bills, which started in September 2019.  This bond issuance is another important step where the company has secured a long term unsecured funding which will support Iceland Seafood’s growth plans and positively impact the company’s cost of capital.

Arion bank advised Iceland Seafood International on the matter.  The issue marks a milestone for the Icelandic capital market as it is the frst unsecured corporate bond issue in many years. The bank is confident that Iceland Seafood’s relationship with the Icelandic capital market will continue to grow stronger and more companies will follow suit, leading to more diverse corporate debt market. 

Further information:

Iceland Seafood International hf

Bjarni Ármannsson CEO, bjarni.armannsson@icelandseafood.com

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.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.