Lýsing hf. has issued a new bond series, LYSING 16 1, with a total nominal value of ISK 2 billion. The bonds are 7 year annuity bonds that pay monthly interest based on 1-month REIBOR plus a 1.10% interest spread. The bonds are secured by a pledge in a diversified portfolio of loans and financing agreements. An application will be made for the bonds to be admitted to trading on Nasdaq Iceland.
Arctica Finance Capital Markets managed the issuance and sale of the bonds.
With this bond issuance, Lýsing has issued bonds and bills of exchange on the domestic securities market for nearly ISK 8 billion since November 2015.
Lýsing’s financial position is strong; the company’s profit for the first six months of 2016 amounted to approximately ISK 285 million. As of June 30, 2016, the company’s equity was ISK 10.9 billion, and the capital adequacy ratio (CAD), calculated in accordance with the Act on Financial Undertakings, stood at 45.2%.
