Landsvirkjun bond redemption


Landsvirkjun has repurchased USD 50 million floating rate notes due in February 2026 and issued in 2006 under its EMTN Programme with ISIN XS0244993084.

The repurchased notes were issued with a state guarantee of collection. The transaction will therefore reduce the ratio of state guaranteed bonds issued by Landsvirkjun to around 10% of outstanding loans. The remaining outstanding bonds with a state guarantee of collection were issued in 2006.

The repurchase reflects Landsvirkjun's strong financial position and is a part of the company's debt management.