Glitnir debt settled at 3% and 0.125%

Glitnir was the first of the three main Icelandic banks to fall into government hands - the Icelandic government took a 75% stake for €600 million on September 29, a move that constituted a credit event under the International Swaps and Derivatives Association's guidelines.

Domestic rivals Landsbanki and Kaupthing were respectively taken over by the government on October 7 and October 9.

Today's auction set recovery rates for cash settlement of credit default swaps on the bank's senior and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here