Arctica Finance managed the sale of bonds issued by Eik hf. The transaction involved an increase of the existing bond series EIK 150536.
Bonds with a nominal value of ISK 2,500 million were sold at a yield of 4.12%. Following the increase, the total size of the series is ISK 8,500 million, while the maximum size of the series is ISK 10,000 million.
The bond is an inflation linked, equal installment note bearing a 3.8% nominal interest rate, with payments made twice a year. The bond matures on May 15, 2036.
Here you may access the company’s stock exchange announcement.
Sverrir Bergsteinsson, sverrirb@arctica.is
Magnús Símonarson, magnuss@arctica.is
Eik real estate company was founded in 2002 as a specialized company in the ownership and leasing of commercial property. Since its establishment, the company has grown with a focus on investments in major commercial hubs within the capital area.
