Iceland Said Close to Inviting Hedge Funds to Talks on Debt

Iceland is close to inviting hedge funds and other creditors in the nation’s failed banks to discuss their claims for the first time, two people close to the matter said.

Iceland’s government, which has so far ignored creditor requests to meet, is now ready to listen to their demands and explain its position after being briefed on the legal ramifications of doing so, the two people said, asking not to be identified because the decision hasn’t yet been made public. Talks may take place as early as within the next month, they said.