Saga Capital has completed the sale of bonds for Mosfellsbaer municipal authority. The bonds were sold through a closed bond issue to pension funds, and amounted to ISK 600m. They are 10-year
instalment bonds in the open bond category MOS 09 1, which now totals ISK 1,600m after this addition.
The sale is part of Mosfellsbaer’s move to refinance its loans, fund the completion of a number of building projects and underpin continued development in the district. Saga Capital
Investment Bank managed and sold the bonds and will register them on the Icelandic Stock Exchange, NASDAQ OMX in Iceland.
The bank has become the market leader in the sale of bonds for Icelandic municipal authorities, other public bodies and semi-public bodies. Last year, Saga Capital issued and sold bonds for a total of ISK 16bn for the municipalities of Kopavogur and Arborg, Landsnet, Eignarhaldsfelagid Farice and the Institute of Regional Development.
Saga Capital Investment Bank is the only specialised investment bank in Iceland that provides a comprehensive range of products for investors, including corporate finance, securities brokerage, asset management, bond issues and investment advice for companies, public bodies and other institutional investors.
