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Iceland Closer to Bond Market Return

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Iceland is considering a return to the international debt market, according to media reports, as efforts by the country to get back on its feet after its drastic financial crash of 2008 continue.

A sale of six-year euro-denominated bonds is being mulled by the Republic of Iceland, according to Reuters IFR. The capital markets news wire said Barclays, Citigroup, Deutsche Bank and JPMorgan had been hired to run the sale, with an investor call due to take place at 1.00 p.m. BST on Monday.

The Central Bank of Iceland, which has managed the country’s government debt since 2007, had no comment on the reports.

A successful government bond auction would mark a considerable boost in confidence in the country, which is still reeling from the impact of a recent financial crisis. The country last raised money in this way in 2012, when it sold $1 billion in 10-year dollar debt.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

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