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Reykjavik Energy: Repayment of loans from owners and planned borrowing from the Nordic Investment Bank

Orkuveita Reykjavíkur
·1-min read

Reykjavik Energy (OR) has repaid subordinated bonds issued by the company‘s owners in 2011, with a maturity of 15 years. The repayment is in accordance with a press release issued by OR from July 7th 2020, regarding the refinancing of loans from owners. The repayment amounted to approximately 5.7bn ISK.

OR has had discussions with the Nordic Investment Bank (NIB) regarding an 80m USD loan agreement for 15 years to finance a number of the company´s environmental projects.

Financing is in its final stages and is expected to be finalized in the coming weeks.

Further information:

Ingvar Stefánsson
CFO
+354 516-6100
Email: ingvar.stefansson@or.is