Orkuveita Reykjavíkur - Green Bond Auction Results

Today, August 20th, 2026, Reykjavík Energy (Orkuveita Reykjavíkur; OR) concluded a green bond auction in the green bond classes OR031033 GB, OR180242 GB and OR180255 GB. Total bids amounted to ISK 3,375 million nominal value.
OR031033 GB bears 8.30% fixed nominal interest and pays equal installments every six months with a final maturity date of October 3rd, 2033. Previously, bonds with a nominal value of ISK 12,785 million have been issued in the class and admitted to trading on Nasdaq Iceland.
The series attracted bids totaling ISK 2,235 million nominal value at yields between 8.32-8.55%. OR accepted bids amounting to ISK 1,295 million at a yield of 8.40%.
OR180242 GB bears fixed 4,50% fixed nominal interest and pays equal installments every six months with a final maturity date of February 18th, 2042. Previously, bonds with a nominal value of ISK 12,818 million have been issued in the class and admitted to trading on Nasdaq Iceland.
The series attracted bids totaling ISK 340 million nominal value at yields between 7.75-7.82%. OR accepted bids amounting to ISK 300 million at a yield of 7.78%.
OR0180255 GB bears 2.60% fixed indexed interest and pays equal payments every six months with a final maturity date of February 18th, 2055. Previously, bonds with a nominal value of ISK 43,641 million have been issued in the class and admitted to trading on Nasdaq Iceland.
The series attracted bids totaling ISK 800 million nominal value at yields between 3.68-3.72%. OR accepted bids amounting to ISK 800 million at a yield of 3.72%.
Fossar Investment Bank oversees the issuance and sale of the bonds as well as their admission to trading on the Nasdaq market in Iceland for sustainable bonds.
Contacts:
Snorri Hafsteinn Thorkelsson, CFO, tel: +354 516 6100, email: snorri.hafsteinn.thorkelsson@orkuveitan.is
Matei Manolescu, Fossar Investment Bank, tel: +354 522 4008, email: matei.manolescu@fossar.is