Top Section/Ad
Top Section/Ad
Most recent
An public sector issuer breaking a record with a deal this week became so common a claim it began to sound like, well, a broken record. But questions remain about how robust demand really is
Markets ‘not out of the woods yet’ as large sovereigns shorten execution process to de-risk issuance
Huge order book allowed the issuer to increase size of five year dollar trade
Issuer had already pre-funded in dollars earlier this year
More articles/Ad
More articles/Ad
More articles
-
Iceland is back in the debt markets, with the sovereign and banking sector making impressively speedy progress. However, memories of the country’s 2008 economic collapse and the capital controls that have been in place ever since, are holding Iceland’s issuers back. Many believe a sovereign upgrade is overdue and once that happens prices will begin to fall into line with the country’s peers.
-
Iceland’s companies reduced their debt sharply after the country’s financial crisis, with corporate debt now back to 2005 levels. There are signs, however, that the mood might be changing and that the bond market could play an important role. Phil Moore reports.
-
With only 20%-25% of Iceland’s available hydro and geothermal energy harnessed, the country’s energy potential is vast. The aluminium industry has thus far dominated, but the silicon industry could be the next to come onshore to take advantage of the cheap and plentiful power. Meanwhile, exciting plans to link up to the UK grid are taking shape.
-
Iceland’s long term commitment to developing its credentials as a North Atlantic economic hub is expected to strengthen, especially now that talks about membership of the EU have been broken off. Phil Moore reports.
-
The weather is often awful. Hotels and restaurants are still expensive, even after the devaluation of the króna. And when you’ve seen one geyser you’ve seen them all. So why is Iceland enjoying a tourism boom which has taken local economists by surprise?
-
Leads on Luxembourg’s debut sukuk will price the deal on Tuesday afternoon, after attracting a satisfying €500m in orders from high quality accounts, said bankers on the deal.