Landsbankinn, LBI, Agree to Extend Govt Deadline on Bond Deal

Landsbankinn, LBI agreed to extend the govts deadline to agree to terms of accord extending maturity of ISK226b in bonds issued by Landsbankinn, LBI spokesman Pall Benediktsson says in a telephone interview. * Deadline pushed back to Sept. 30: Benediktsson * Agreement signed on May 8 and was dependent on govt approving exemptions to capital controls for LBI within 3 months: Benediktsson * NOTE: The bonds being extended represent ~29% of $7.2b blocked by krona restrictions from leaving the country * NOTE: Earlier, Icelandic Bank Reaches Extension on $2 Billion in Bonds

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE