Iceland Forces Bondholders to Take 38% Discount in Krona Auction

  • Iceland rejected ISK106 Billion kronur in currency auction
  • Iceland says will offer all remaining investors 190 per euro

Iceland met limited interest from creditors trying to exit the island’s capital controls through a currency auction, after offering them an exchange rate that was 38 percent below the krona’s market price.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.