Reykjavik, 21 December, 2018 - Nasdaq (Nasdaq: NDAQ) today announced that
Nasdaq Iceland welcomes the City of Reykjavik as its first green bond issuer on
the Exchange's sustainable bond market. The bond was issued on 17 December and
is sized at ISK 4.1 billion with a maturity of 30 years. Reykjavik intends to
issue further bonds in the bond class in the coming years and add market making
services.
The purpose of the issuance is to finance the City of Reykjavik's green
investment projects in accordance with the Green Bond Framework. Green bonds
can only be used to finance projects within the Green Bond Framework that meet
strict requirements. Investments that could meet the requirements of the Green
Bond Framework include pedestrian and cycle pathways, introduction of LED
lights for street lighting and electric vehicle charging stations.
"This is a milestone for Reykjavik.", said Dagur Eggertsson, Mayor of
Reykjavik. "Our aim is to constantly strengthen our position as a green city
which will be carbon neutral by 2040. We approved the Green Bond Framework
where CICERO (Center for International Climate Research) rated the overall
assessment of the project types that will be financed by the green bonds Dark
Green and the overall assessment of the governance structure of Reykjavik got
the rating of Excellent. Furthermore I am very happy about the anticipation and
interest we have received from investors. That is indeed a very promising start
for this project and for us to become a sustainable city."
"Sustainability is a key driver of economic success for countries and cities
and the City of Reykjavik's first green bond issuance is a step in the right
direction." said, Magnus Hardarson, Head of Exchange Trading and Listing
Services at Nasdaq Iceland. "This marks the first listing on Nasdaq Iceland's
sustainable bond market. Given the great interest the issuance received we look
forward to building this market for green bonds. It is an honour to welcome our
capital city to lead the way on our sustainable bond market."
Fossar Markets oversees the bond's issuance as well as investor relations.
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About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing,
exchange technology, listing, information and public company services. Through
its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock market, its
technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the
world's securities transactions. Nasdaq is home over 4000 total listings with a
market value of approximately $15 trillion. To learn more, visit:
http://business.nasdaq.com
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq
Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker
Services are respectively brand names for the regulated markets of Nasdaq
Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS,
Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB
and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq
Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq
Vilnius.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
Nasdaq and its products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
Nasdaq's control. These factors include, but are not limited to factors
detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements.
MEDIA:
? Kristín Jóhannsdóttir
? +354 868 9836
? kristin.johannsdottir@nasdaq.com© 2018 GlobeNewswire
