Arion tests Icelandic rehab with bid for euro access

Icelandic houses 230x150
By Graham Bippart
16 Apr 2014

Iceland's Arion Banki is to test the outer limits of investors’ growing receptiveness to peripheral European credits. The bank, carved out of the failed Kaupthing, is seeking to launch the first euro bond from an Icelandic financial institution since the credit crisis, writes Graham Bippart.

Lead managers Citi, Deutsche Bank and Nomura will roadshow the deal next week from Tuesday, GlobalCapital understands. Arion will meet investors in London and Scandinavia for two days each before finally deciding whether to launch its deal.

“This is the next step. It will be a test for the ...

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