Landsvirkjun heralds Icelandic revival

September 22, 2010 12:00 am

After a two year hiatus, Icelandic borrowers returned to the international bond markets this week with a landmark deal, as Deutsche Bank placed a $100m five year fixed rate note for energy company Landsvirkjun. It is the company’s first bond sold to foreign investors since the 2008 banking crisis and collapse of Iceland’s economy. Is this the beginning of Iceland’s return to the international financial markets?

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