Styrkás hf. has announced its first bond issuance managed by Arctica Finance, aiming to raise 2.2 billion Icelandic krónur to invest in infrastructure and service expansion in Iceland's growing market.

Target Information

Styrkás hf., a company founded in 2022, specializes in operational management and aims to become a leading service provider in the corporate market in Iceland. It has several subsidiaries, including Skeljungur ehf., Klettur - Sala og Þjónusta ehf., and Stólpi ehf., which together form a robust corporate group known as Styrkás. The company's strategy focuses on enhancing public and private sector infrastructure and investment services within the Icelandic market.

Styrkás hf. has launched its first bond issuance, offering a new series of bonds named STYRK 271015. The initial subscription amounted to 2.2 billion Icelandic krónur, with a floating interest rate tied to 1M REIBOR plus a spread of 1.50%. The bond series is set to mature on October 15, 2027, and provides the option to expand the issuance up to 5 billion krónur.

Industry Overview in Iceland

The Icelandic financial market has experienced notable growth and modernization in recent years, making it an attractive environment for investment activities. The country's economic landscape has demonstrated resilien