Reykjavik, 4 December, 2019 - Nasdaq (Nasdaq: NDAQ) today announced that
Reykjavik Social Housing (RSH) has listed the first social bond on Nasdaq
Iceland's sustainable bond market. The bond is sized at about ISK 6.4 billion
with a maturity of 47 years, guaranteed by the City of Reykjavik. The purpose
of the issuance is to finance RSH's rental housing, with the aim of increasing
the number of rental units by at least 500 by the year 2022. This the fourth
bond listed on Nasdaq Iceland's sustainable bond market.
Reykjavík Social Housing (RSH) is a non-profit company owned by the City of
Reykjavik, Iceland. The company owns, runs and maintains social apartments with
the aim of providing affordable housing for individuals and families that are
below a certain income per year. At the end of 2018 RSH owned 2654 rental
apartments. RSH has established a Social Bond Framework aligned with the Social
Bond Principles published by the International Capital Market Association
(ICMA). The framework has received a second opinion from Sustainalytics, a
global leader in ESG research and ratings, stating that RSH's social framework
is robust, credible and transparent, and in alignment with the four core
components of the ICMA's Social Bond Principles.
?We are very pleased and proud to the be the first social bond issuer on Nasdaq
Iceland," said Sigrún Árnadóttir, CEO at RSH. "The good reception the issuance
got from investors indicates great support for our social projects and for that
we are grateful. Our main aim is to continue providing stable and affordable
housing not available in the private market, striving to ensure that all
individuals and families have access to safe and affordable homes, regardless
of social or economic status."
"The listing of Reykjavik Social Housing's social bond is an important
milestone. We welcome them to a growing sustainable bond market," said Magnus
Hardarson, President at Nasdaq Iceland. "This first social bond on Nasdaq
Iceland's sustainable bond market is proof that consistently greater weight is
being given to responsible investing than ever before, both when it comes to
green and social projects."
Fossar Markets managed the bond's issuance as well as investor relations.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital
markets and other industries. Our diverse offering of data, analytics, software
and services enables clients to optimize and execute their business vision with
confidence. To learn more about the company, technology solutions and career
opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.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 RELATIONS CONTACT:
? Kristin Johannsdottir
? +354 868 9836
? kristin.johannsdottir@nasdaq.com© 2019 GlobeNewswire
