Bond issue for Mosfellsbaer
Saturday 22. August 2009 14:20
Saga Capital has completed a bond issue of ISK 1 billion for the municipality of Mosfellsbaer. The bank managed the issue, the sale and the listing of the issue on NASDAQ OMX Nordic Exchange.
The Mosfellsbaer instruments are indexed bonds in a 10 year class with 5% nominal interest rates. Icelandic pension funds where the main buyers. Through the bond sale, Mosfellsbaer is refinancing itself and securing funding for continued constructions.
Saga Capital's Capital Market has been a leading force in the sale of bonds for Icelandic municipalities and public establishments throughout this year.