Nordic Business Report-September 28, 2006-Kaupthing Bank issues USD3bn in bonds in the US
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
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).
((Comments on this story may be sent to email@example.com))