Reykjavik Energy secures ISK 2.28B in landmark green bond auction
Reykjavik Energy (OR) successfully concluded a green bond auction on November 6th, 2025. The auction saw a total of ISK 2,540 million in bids for three different bonds, with Nasdaq Iceland and Fossar Investment Bank overseeing the issuance and trading.
The auction included three bonds: OR180242 GB, OR031033 GB, and OR0180255 GB. OR180242 GB, a 4.50% fixed nominal interest rate bond maturing in 2042, received bids totalling ISK 1,540 million at yields between 7.49-7.70%. OR accepted bids amounting to ISK 1,440 million at a yield of 7.66%.
OR031033 GB, with an 8.30% fixed nominal interest rate maturing in 2033, attracted bids totalling ISK 640 million at yields between 7.90-8.11%. OR accepted bids amounting to ISK 480 million at a yield of 8.05%.
Lastly, OR0180255 GB, a 2.60% fixed indexed interest rate bond maturing in 2055, saw bids totalling ISK 360 million at yields between 3.60-3.69%. OR accepted bids amounting to ISK 360 million at a yield of 3.69%.
The successful green bond auction demonstrates strong investor interest in Reykjavik Energy's sustainable financing initiatives. The accepted bids totalled ISK 2,280 million, with yields ranging from 3.69% to 7.66%, reflecting the market's confidence in the company's green projects.
