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Iceland To Raise $1B In Bond Sale

Iceland is seeking to raise $1 billion in its first bond issue.

Iceland is seeking to raise $1 billion in its first bond issue, Financial Times reports. The notes are dollar-denominated and are scheduled to mature in 2016.

The offering will be managed by Barclays Capital, Citigroup and UBS. The notes are likely to be price at around 325 basis points over mid-swaps, Europe’s reference rate.

Click here for the story from Financial Times.

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