Landsbanki's dandy Yankees

摘要

When Landsbanki was criticised for its short-term financing risk, it decided to win back its reputation with two bond issues in the US. Edward Russell-Walling reports on an Icelandic success story. Sometimes an issuer comes to the international debt markets, not for the sake of its balance sheet, but just to show that it can. That was the position in which Iceland's Landsbanki found itself this summer, when it raised $2.25bn by issuing two inaugural, and very successful, Yankee bonds.