Kaldalón hf. to Auction Six-Month Bills Series KALD 26 0901
Kaldalón hf. will hold an auction on February 24 for six-month bills in a new series, KALD 26 0901. The auction is part of the company's ongoing policy to regularly issue bills and bonds.
Kaldalón hf. announced it will conduct an auction on February 24 for six-month bills designated as KALD 26 0901. The move aligns with the company's strategy of being a consistent issuer in the debt markets.
The auction will utilize the Dutch method, where all accepted bids will be sold to investors at the highest accepted flat yield. The bills will be issued in denominations of ISK 20 million. Kaldalón hf. retains the right to accept, reject, or partially accept submitted bids.
Results of the auction and allocations will be published no later than prior to market opening on February 25. Landsbankinn hf. will manage the auction process. Bids, specifying the nominal amount and flat yield, must be submitted to Landsbankinn hf. via email at verdbrefamidlun@landsbankinn.is by 16:00 on February 24. Payment and settlement are scheduled for March 2, 2025.
This auction is exempt from the requirement to publish a prospectus under specific EU regulations. The base prospectus, final terms, and other relevant documentation concerning this issuance and planned admission to trading on Nasdaq Iceland will be made available on Kaldalón's investor website: kaldalon.is/investors.