Heimar's Bond Expansion: Fueling Sustainable Growth

Heimar hf., a leading Icelandic company, has recently completed the expansion of its HEIMAR50 GB bond series, a significant milestone in its ongoing commitment to sustainable financing. This strategic move not only strengthens the company's financial position but also underscores its dedication to driving eco-friendly initiatives and supporting the nation's economic development.

Unlocking Sustainable Financing for a Greener Future

Expanding the HEIMAR50 GB Bond Series

Heimar hf. has successfully expanded its HEIMAR50 GB bond series, a move that will have far-reaching implications for the company's future. The HEIMAR50 GB is an inflation-linked bond series that is secured by the company's comprehensive collateral arrangements, ensuring a robust and reliable financial foundation.The recent expansion saw the sale of bonds with a nominal value of ISK 2,000 million, at a yield rate of 3.67%. This brings the total size of the series to a substantial ISK 14,420 million in nominal value, a testament to the market's confidence in Heimar's financial stability and growth potential.

Financing Sustainable Investment Projects

The purpose of this bond issuance is to provide the necessary funding for Heimar's upcoming investment projects, which are designed to drive the company's sustainable growth and development. By tapping into the capital markets, Heimar is able to secure the resources required to execute its strategic initiatives, positioning the company as a leader in the Icelandic business landscape.These investment projects are expected to play a crucial role in shaping Heimar's future, as the company continues to explore innovative ways to enhance its operations, expand its product offerings, and strengthen its market presence. The infusion of capital will enable Heimar to pursue these initiatives with confidence, ensuring that the company remains at the forefront of industry trends and customer demands.

Strengthening Heimar's Green Financing Portfolio

The expansion of the HEIMAR50 GB bond series is a significant step in Heimar's ongoing commitment to green financing. Following this issuance, the company's green financing will account for approximately 43% of its total financing, a remarkable achievement that underscores Heimar's dedication to sustainable practices and environmental stewardship.Heimar's green framework, which has been certified by CICERO, is publicly available on the company's website, providing transparency and assurance to investors and stakeholders. This framework outlines the company's comprehensive approach to sustainable financing, ensuring that the funds raised are directed towards projects and initiatives that align with global environmental standards and best practices.

Nasdaq Listing: Enhancing Visibility and Accessibility

As part of the bond expansion, Heimar has announced that a request will be made to list the HEIMAR50 GB bonds on Nasdaq's Main Market in Iceland. This move will not only increase the visibility and accessibility of the bonds but also provide investors with a regulated and transparent platform to participate in Heimar's growth story.The listing on Nasdaq's Main Market will further strengthen Heimar's position in the capital markets, allowing the company to tap into a wider pool of investors and diversify its funding sources. This, in turn, will support the company's long-term strategic objectives and enable it to continue its trajectory of sustainable expansion and innovation.

Collaborative Effort: ACRO verðbréf hf.'s Role

The successful expansion of the HEIMAR50 GB bond series was made possible through the collaborative efforts of Heimar and ACRO verðbréf hf., the company that managed the transaction and the expansion of the bond series.ACRO verðbréf hf.'s expertise and guidance were instrumental in navigating the complexities of the bond market, ensuring that the issuance was executed seamlessly and in alignment with Heimar's strategic goals. The partnership between Heimar and ACRO verðbréf hf. exemplifies the value of collaboration in driving sustainable growth and innovation within the Icelandic business landscape.Heimar's bond expansion marks a significant milestone in the company's journey towards a more sustainable and prosperous future. By tapping into the capital markets and securing the necessary funding for its investment projects, Heimar is poised to continue its trajectory of growth and innovation, while also contributing to the broader environmental and economic well-being of Iceland.