Reginn hf.: Closed bond offering December 5th 2019
Reginn hf. has decided to issue a new bond series, REGINN280130. The series is inflation linked and secured with Reginn’s General Security Scheme. The new series has a maturity of 10 years but the principal amortization schedule follows a 30 year equal instalment structure. The series’ duration on issue date will be roughly 7 years. The series pays fixed 2,50% real interest and has quarterly interest and principal payments. First payment on the bond series will be on April 28th 2020. Consequently, Reginn will apply for the new series to be admitted for trading at Nasdaq Iceland.
On Thursday December 5th Reginn will conduct a closed bond offering only. The auction will be closed and structured as a single-price auction, which means that all accepted bids will be offered to investors at the same price. The lowest accepted price (highest yield) will determine the selling price. Reginn reserves the right to accept any of the submitted bids, in whole or partially, or reject all of them. The settlement date for the bonds is estimated to be 16 December 2019. Fossar Markets manage the auction process on behalf of Reginn and will handle investor relations.
The offering does not constitute a public offering of securities and is exempt from the publication of a prospectus pursuant to Article 50(1) items 1(d) of Act no. 108/2007 on Securities Transactions. The Base Prospectus, final terms and other documents relating to the issuance of the aforementioned class of bonds will be published on the Reginn‘s website, . All notices published in connection with the ongoing disclosure obligation of Reginn from the date of publication of the Base Prospectus will also be available on the website.
For further information please contact:
Helgi S. Gunnarsson – CEO – – P: /
Jóhann Sigurjónsson – CFO - - P: 354 512 8900 /
Matei Manolescu – Fossar Markets - – P:
