
Iceland returns to market with $1bn 5yr deal
Iceland returns to market with $1bn 5yr deal

Deal terms: Iceland
Issuer: Republic of Iceland
Size: $1 billion
Issue date: June 9, 2011
Maturity: June 16, 2016
Ratings: Baa3/BBB-/BB+ (Moody’s/Standard & Poor’s/Fitch)
Coupon: 4.875%
Issue price: 99.484%
Issue yield: 4.993%
Spread: Mid-swaps + 320bp
Bookrunners: Barclays Capital, Citi, UBS
In 2008 Iceland filled the headlines as its banking sector was brought to ruin. The country chose a path of bank debt restructurings, angering creditor countries but helping to make its gross external debt more
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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Structured products
Regulation
French regulator questions need for share trading equivalence
Esma’s reinterpretation ahead of Brexit reduces need for equivalence system, says AMF official
Receive this by email