Iceland Mortgage Bank HFF Sees Bailout Averting Default
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Iceland biggest mortgage bank said the government would bail out the lender before it’s unable to honor its debts.
“There’s no risk of a default,” Sigurdur Jon Bjornsson, chief financial officer of the Reykjavik-based Housing Financing Fund, said in an interview late yesterday. “The Treasury, if it needed to, would bail out the fund.”