HS Veitur bonds with a total issued amount of ISK 5.000.000.000 are scheduled to begin trading on Nasdaq’s Iceland Cash Bond Trading market on October twenty-first, twenty twenty-six. The admission notice identifies the securities as CPI-indexed corporate bonds carrying a stated interest rate of 3,50%, with annuity repayments and maturity in December twenty forty-five.
Key Takeaways
- Nasdaq approved the admission application on October nineteenth; trading is scheduled to begin on October twenty-first.
- The issue combines CPI indexing with annuity amortization, with forty installments and forty coupon payments specified.
- The notice lists no call option, put option, conversion feature or credit rating.
Table of Contents
- When will HS Veitur bonds enter trading?
- How are interest and repayments structured?
- What trading and investor terms are disclosed?
- Conclusion
When will HS Veitur bonds enter trading?
The application for admission was submitted on October sixteenth and approved on October nineteenth, according to the Nasdaq Europe Market Notices report published on October twentieth. Admission is therefore approved, while the scheduled trading start remains ahead of the report’s publication date.
The securities will trade under the ticker HSVE 45 1218 in the corporate-bond segment. The notice also confirms registration at the securities depository Nasdaq verðbréfamiðstöð.
This is an admission to trading of an already-issued bond, rather than a newly dated issue. The stated issue date is the eighteenth of December, twenty twenty-five. The notice records the full ISK 5.000.000.000 as the amount issued at this time and reports no previously issued amount.
| Item | Details |
|---|---|
| Trading status | Admission approved; trading scheduled for October twenty-first, twenty twenty-six. |
| Issue size and currency | ISK 5.000.000.000. |
| Interest and indexing | Stated rate of 3,50%; daily CPI indexing. |
| Repayment structure | Annuity amortization with forty installments and twice-yearly frequency. |
| Final maturity | The eighteenth of December, twenty forty-five. |
| Embedded options and rating | No call option, put option, conversion feature or credit rating listed. |
How are interest and repayments structured?
The bond uses annuity amortization rather than a structure described as repaying all principal at maturity. Its schedule specifies forty installments, with an installment frequency of twice yearly. The coupon schedule likewise provides for forty payments at a twice-yearly frequency.
Both the first ordinary installment date and the first ordinary coupon date are listed as the eighteenth of June, twenty twenty-six. Those are contractual schedule dates; the admission notice does not provide a payment-performance history.
Interest runs from the issue date, and final maturity is the eighteenth of December, twenty forty-five. The notice specifies simple interest and a 30E/360 day-count convention.
CPI indexing is marked as daily, with a base index value of 659,58667 and an index base date matching the issue date. That makes the indexing provisions a material part of the instrument’s terms alongside its stated coupon. The notice directs readers to the Icelandic termsheet and prospectus for additional information.
What trading and investor terms are disclosed?
The bond is quoted on a clean-price basis against remaining nominal. Its denomination in the central securities depository is ISK 20.000.000. These details distinguish the issue’s denomination and quotation convention from its total outstanding amount.
The notice lists no call option, put option or conversion feature. It also lists no credit rating, so the admission information does not supply a rating-based assessment of the issuer or instrument.
Static volatility guards are enabled for the instrument, while dynamic volatility guards are not. The notice also states that a payment falling on a bank holiday does not accrue additional interest for the days until the next business day.
Conclusion
The admission brings an existing CPI-indexed, amortizing HS Veitur issue to Nasdaq’s Iceland bond market. Approval is complete, with trading scheduled to follow on October twenty-first; the contractual detail remains in the termsheet and prospectus referenced by the notice.
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