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Hitt og þetta 28. september 2006

Kaupthing Bank issues USD3bn in bonds in the US

Nordic Business Report-September 28, 2006-Kaupthing Bank issues USD3bn in bonds in the US
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The Icelandic bank group Kaupthing Bank announced on Wednesday (27 September) that it has issued USD3bn in bonds in the US.

The bond issue is part of, and completes, Kaupthing Bank's refinancing of long-term debt maturing in 2007.

The bond issue was oversubscribed to USD9bn and was substantially increased from the original amount.

One US dollar (USD) is worth approximately 0.52 British pounds (GBP).

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