Reykjavík Energy secures ISK 2.54B in landmark green bond auction
Reykjavík Energy (OR) successfully concluded a green bond auction on November 6th, 2025, with Fossar Investment Bank overseeing the issuance and sale. The total bids amounted to ISK 2,540 million in nominal value.
The auction featured three bond types. OR accepted ISK 1,440 million for OR180242 GB, offering a 7.66% yield. This bond has a 4.50% fixed nominal interest rate and matures on February 18th, 2042. Bids ranged from 7.49% to 7.70%.
For OR031033 GB, OR accepted ISK 480 million at an 8.05% yield. This bond has an 8.30% fixed nominal interest rate and matures on October 3, 2033. Bids were between 7.90% and 8.11%.
Lastly, OR accepted ISK 360 million for OR0180255 GB, yielding 3.69%. This bond has a 2.60% fixed indexed interest rate and matures on February 18, 2055. Bids ranged from 3.60% to 3.69%.
The successful green bond auction demonstrates Reykjavík Energy's commitment to sustainable financing. Fossar Investment Bank's role in the issuance and sale highlights their involvement in Iceland's green bond market.
