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's
DagsetningLangtímaSkammtímaHorfur
12/11/2019Baa1(P)P-2Stöðugar
23/03/2018Baa2(P)P-3Stöðugar
05/09/2016Baa3(P)P-3Stöðugar
01/07/2015Ba1(P)NPStöðugar
26/07/2013Ba2(P)NPStöðugar
Credit ratings S&P Global Ratings
DAGSETNINGLANGTÍMASKAMMTÍMAHORFURSKÝRSLA
21/03/2019BBBA-2JákvæðarHlekkur
19/01/2016BBB-A-3StöðugarHlekkur
23/07/2015BB+BStöðugarHlekkur
28/02/2012BBBStöðugarHlekkur
18/05/2011BBB-1NeikvæðarHlekkur
20/10/2010BB+B-1NeikvæðarHlekkur
30/06/2009BBB-1StöðugarHlekkur
24/11/2008BBB-A-3NeikvæðarHlekkur
07/10/2008BBBA-3NeikvæðarHlekkur
30/09/2008A-A-2NeikvæðarHlekkur
18/04/2008AA-1NeikvæðarHlekkur
22/12/2006A+A-1NeikvæðarHlekkur
10/02/2005AA-A-1+StöðugarHlekkur
08/10/1997A+A-1+StöðugarHlekkur