Iceland Bank to Sell Eurobonds for First Time Since Crash
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Arion Bank hf, the state-created successor of failed Kaupthing Bank hf, is planning its first international bond sale just three years after the island’s biggest lenders defaulted on $85 billion.
The bank, based in Reykjavik, wants to fund itself via debt markets outside Iceland’s borders within the next 12 months, said Hoskuldur H. Olafsson, Arion’s chief executive officer.