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.
