Kvika banki hf.: Increase in issue of KVB 19 01
Today Kvika banki hf. concluded sale of nominal ISK 660 million in bond series KVB 19 01.
The bond series KVB 19 01 are senior unsecured and mature in Decemer 2024 with even monthly installments and interest payments. The bond is priced at par with variable interests of REIBOR 1 month with 1.50% spread. Prior to the sale the bank had issued ISK 4,340m in the series and as of today the total issue size is ISK 5,000 million where the total issue size is limited to ISK 5,000m.
The new bonds in the series will be admitted to trading on Nasdaq Iceland later this week.
Kvika banki hf: Two provisos in Kvika, TM and Lykill Merger Agreement fulfilled
that the Financial Supervisory Authority of the Central Bank of Iceland (“FME”) give its consent for the merger, cf. Art. 106 of the Act on Financial Undertakings, No. 161/2002;that FME grant its approval for Kvika to own a qualifying holding in TM tryggingar hf, TM líftryggingar hf. and Íslensk end...
Kvika banki hf.: Tvö skilyrða í samrunasamningi Kviku, TM og Lykils uppfyllt
Þann 23. febrúar síðastliðinn tilkynnti Kvika banki hf. („Kvika“ eða „félagið“) að undirrituð hefði verið samrunaáætlun vegna fyrirhugaðs samruna Kviku, TM hf. og Lykils fjármögnunar hf. Þar kom og fram að eftirfarandi fyrirvarar í samrunasamningi félaganna frá 25. nóvember sl. væru enn óuppfylltir:...