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Regulatory press release

Kvika banki hf. – Bond (KVB 20 01) admitted to trading on October 27, 2020.

Read the release
NASDAQ Iceland hf.
Bond Market information

Kvika banki hf. – Bond (KVB 20 01) admitted to trading on October 27, 2020.


    Issuer                                                                      
     Information                                                                
1   Issuer:         Kvika banki hf.                                             
2   Org. no:        540502-2930                                                 
3   LEI             254900WR3I1Z9NPC7D84                                        
                                                                                
    Issue                                                                       
     Information                                                                
4   Symbol KVB 20 01                                                   
     (Ticker)                                                                   
5   ISIN code       IS0000032373                                                
6   CFI code        DBVUCR                                                      
7   FISN númer      KVIKA BANKI/VAR BD 20231026                                 
8   Bonds/bills:    Bond                                                        
9   Total issued    5.000.000.000                                               
     amount                                                                     
10  Total amount    0                                                           
     previously
     issued                                                                     
11  Amount issued   1.500.000.000                                               
     at this time                                                               
12  Denomination    20.000.000                                                  
     in CSD                                                                     
13  Listed on       Yes                                                         
     Nasdaq Stock                                                               
     Exchange                                                                   
                                                                                
    Amortization -                    
     Cash Flow                                                                  
14  Amortization    Bullet Bond                                                 
     type                                                                       
15  Amortization    N/A                                                         
     type, if                                                                   
     other                                                                      
16  Currency        ISK                                                         
17  Currency, if    N/A                                                         
     other                                                                      
18  Issue date      October 26, 2020                                        
19  First ordinary  October 26, 2023                                            
     installment                                                                
     date                                                                       
20  Total number    1                                                           
     of                                                                         
     installments                                                               
21  Installment     N/A                                                         
     frequency                                                                  
22  Maturity date   October 26, 2023                                            
23  Interest rateREIBOR 1M                                                   
24  Floating        REIBOR 1M                                                   
     interest                                                                   
     rate, if                                                                   
     applicable                                                                 
25  Floating        N/A                                                         
     interest                                                                   
     rate, if                                                                   
     other                                                                      
26  Premium         0,85%                                                       
27  Simple/compoun  N/A                                                         
    d interest                                                                  
28  Simple/compoun  Simple                                                      
    d, if other                                                                 
29  Day count       ACT/360                                                     
     convention                                                                 
30  Day count       N/A                                                         
     convention,                                                                
     if other                                                                   
31  Interest from   October 26, 2020                  
     date                                                                       
32  First ordinary  November 26, 2020                                           
     coupon date                                                                
33  Coupon          12                                                          
     frequency                                                                  
34  Total number    36                                                          
     of coupon                                                                  
     payments                                                                   
35  If irregular    N/A                                                         
     cash flow,                                      
     then how                                                                   
36  Dirty price /   Clean Price                                                 
     clean price                                                                
    Clean Price     Full nominal                                                
     Quote                                                                      
37  If payment      Yes                                                         
     date is a                                                                  
     bank holiday,                                                              
     does payment                                                               
     include                                                          
     accrued                                                                    
     interest for                                                               
     days missing                                                               
     until next                                                                 
     business day?                                                              
                                                                                
                                                                                
                                                                                
    Indexing                                                                    
38  Indexed         No                                                          
39  Name of index   N/A                                                         
40  Daily index or  NA                                                          
     monthly index                                                              
41  Daily index or  N/A                                                         
     monthly                                                                    
     index, if                                                                  
     other                                                                      
42  Base index      N/A                                                         
     value                
43  Index base      N/A                                                         
     date                                                                       
                                                                                
    Other                                                                       
     Information                                                                
44  Call option     No                                                          
45  Put option      No                                                          
46  Convertible     No                                                          
47  Credit rating   No                                                          
     (rating                                    
     agency, date)                                                              
                   -------------------------------------------------------------
48  Additional      An exercise notice for the Investor Put may be delivered to 
     information     the Issuer at any time during the maturity of the          
                     Securities with immediate effect. Beginning on the date    
                     that an exercise notice has been delivered to the Issuer,  
                     an eight-month period will pass until settlement of the    
                     Securities can take place. Settlement will take place on   
                     the next interest payment date immediately following the   
                     8-month period, where the Securities may be redeemed at    
                     99.25% of the of the Specified Denomination.               
                                                                                
                                                                                
    Admission to                                                                
     Trading                                                                    
49  Registered at   Yes                                                         
     CSD                                                                        
50  Securities      Nasdaq CSD Iceland                                          
     depository                                                                 
51Date of         October 23, 2020                                            
     Application                                                                
     for Admission                                                              
     to Trading                                                                 
52  Date of         October 23, 2020                                            
     Approval of                                                                
     Application                                                                
     for Admission                                                              
     to Trading                                                                 
53  Date of         October 27, 2020              
     admission to                                                               
     trading                                                                    
54  Order book ID   KVB_20_01                                                   
55  Instrument      Corporate Bonds                                             
     subtype                                                                    
56  Market          Iceland Cash Bond Trading                                   
57  List            ICE Bank bonds                                              
     population                                                                 
     name                                                                       
58  Static          No                                  
     volatility                                                                 
     guards                                                                     
59  Dynamic         No                                                          
     volatility                                                                 
     guards                                                                     
60  MiFIR           BOND - Bonds                                                
     identifier                                                                 
61  Bond type       CRPB - Corporate Bond
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