Pre-migration untagged articles

As FIH Erhvervsbank was proceeding to print its well flagged euro transaction on Wednesday via BNP Paribas and Citigroup, Fitch put Iceland's AA- ratings on negative outlook. Being 100% owned by Icelandic bank Kaupthing, all eyes were on investors and how they would react to the news. Not in a bad way it turned out, as the leads were able to print a Eu500m two year transaction for the issuer at 20bp over Euribor. Some Eu700m of the order book was good at the level.