Reykjavik, 4 July, 2019 - Nasdaq (Nasdaq: NDAQ) today announced that Reykjavik
Energy (OR) has listed its first green bond series on Nasdaq Iceland's
sustainable bond market. The bond series currently have an outstanding nominal
amount of about ISK 7.5 billion and a maturity of 36 years. The first issuance
in the bond series was on 18 February 2019. OR intends to continue to issue
bonds in the series in the coming years.
Reykjavik Energy has established Reykjavik Energy Green Bond Framework for OR's
green bond issuance which is in line with the Green Bond Principles (GBP)
issued by the International Capital Market Association (ICMA). Furthermore,
OR's Green Bond Framework is rated Dark Green by CICERO shades of green, a
global market leader in green bond second opinions. CICERO shades of green
furthermore rated the governance structure in the framework as excellent and
confirmed that the framework is in alignment with the Green Bond Principles.
The proceeds from the Green Bonds will be used to finance or refinance projects
that have environmental benefits, like renewable energy, energy distribution
and management and sustainable water and wastewater management.
?We are very pleased and proud to see how well our first issuance of green
bonds has been received." said Bjarni Bjarnason, CEO at OR. "Demand has been
high for the green bonds, showing strong investor support for green, climate
positive projects. Operating an environmentally and socially sustainable
business constitutes the foundation of OR's long-term strategy and this
issuance is a major step in integrating funding, social responsibility and
joint efforts in battling environmental and climate change."
"We congratulate OR on this important milestone." said Magnus Hardarson, Vice
President at Nasdaq Iceland. "OR's addition to our sustainable bond market
demonstrates continued growth in the market as we have seen strong interest
from both investors and issuers in this respect. We anticipate more issuers to
follow OR's suit in the near future as greater weight is being given to
sustainable operations than ever before."
Fossar Markets acted as green bond advisor and sole book runner in the ORs
green bond transactions.
About Nasdaq
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its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven technologies
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technology powers more than 100 marketplaces in 50 countries. Nasdaq is home to
over 4,000 total listings with a market value of approximately $14 trillion. To
learn more, visit business.nasdaq.com.
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Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker
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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.
Nasdaq Iceland Media Relations Contact:
Kristin Johannsdottir
+354 868 9836
kristin.johannsdottir@nasdaq.com© 2019 GlobeNewswire
