Kvika banki hf.: Kvika completes tap issue in SEK
May 24 2024 - 7:17AM
Kvika banki hf.: Kvika completes tap issue in SEK
Kvika has today concluded a SEK 500 million tap of floating rate
bonds issued in May 2023. Kvika previously issued SEK 275 million,
bringing the total issued amount to SEK 775 million in the
series.
The bonds have a May 2026 maturity and were priced at a spread
of 240bps over 3-month STIBOR. Swedbank and Nordea arranged the tap
issue for Kvika, receiving bids from 11 investors and total demand
in excess of SEK 500 million.
For further information please contact Kvika’s investor
relations at ir@kvika.is or via tel. (+354) 540 3200.