Iceland leaps into liability management with buyback
The Republic of Iceland launched a liability management exercise this week to buy back up to Eu300m of its euro denominated bonds due December 2011 and April 2012 at a discount. The sovereign is offering to buy back the shorter dated deal, which has Eu823m of principal outstanding, at a minimum price of 95% of face value and the longer dated at no less than 96.25%.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
