Landsvirkjun points to Iceland’s return
Strong demand for the first international bond issue from Iceland since its banking system’s collapse two years ago suggests a thaw in market sentiment. A sovereign issue may not be far off and that could be a better buy than Ireland.
Icelands state owned energy company Landsvirkjun tapped its first bonds sold to foreign investors since the collapse of the countrys banks on Friday four days after the initial deal priced for a further $50m. That took the five year deal to a total of $150m. Appetite
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