Iceland’s borrowers back in the game

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Iceland’s borrowers back in the game

Iceland is back in the debt markets, with the sovereign and banking sector making impressively speedy progress. However, memories of the country’s 2008 economic collapse and the capital controls that have been in place ever since, are holding Iceland’s issuers back. Many believe a sovereign upgrade is overdue and once that happens prices will begin to fall into line with the country’s peers.

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