Iceland's Arion Bank plans return to the markets

A case of what might have been for Ireland? Iceland’s Arion Bank is planning its first international bond sale just three years after the island’s biggest lenders defaulted on €63 billion.

5th December, 2011
Iceland's Arion Bank plans return to the markets
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Perhaps its a case of what might have been for Ireland. Iceland’s Arion Bank, the state-created successor of failed Kaupthing Bank, is planning its first international bond sale just three years after the island’s biggest lenders defaulted on €63 billion.

The bank, based in Reykjavik, wants to fund itself via debt markets outside Iceland’s borders within the next 12 months, Hoskuldur H. Olafsson, Arion’s chief executive officer, told Bloomberg in an...

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