Iceland Receives Almost Three Times Bids in Eurobond Sale
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Iceland received almost three times the bids for its 750 million-euro ($1 billion) bond sale as the nation seeks to boost foreign-exchange reserves amid preparations to phase out capital controls.
The six-year Eurobond bears a fixed interest of 2.5 percent, with a yield of 2.56 percent, the Finance Ministry said in an e-mailed statement. Bids exceeded 2 billion euros, it said.