Funding

Emphasis on secure access to liquidity and diverse sources of funding

In order to secure liquidity, in addition to cash and cash equivalents, Landsvirkjun has access to a revolving credit facility provided by relationship banks. The Company has accessed capital markets with issuance of bonds in the domestic and international markets, with borrowing from the European Investment Bank (EIB) and the Nordic Investment Bank (NIB) and through project financing in Europe and Japan.

Landsvirkjun's bonds in ISK are listed on the Nasdaq OMX Iceland Exchange, but the company has also issued green bonds in the USPP market and through an EMTN bond programme approved by the Luxembourg Financial Supervisory Authority. Landsvirkjun's bonds which are listed and issued under the EMTN programme are listed on the Luxembourg Stock Exchange.

Credit ratings
Moody'sS&P Global Ratings
Long termBaa1BBB+
Short term(P)P-2A-2
OutlookStableStable
Last updated12/11/201903/06/2021

Reports from rating agencies