New exchange rate indices
A new method for calculating the effective exchange rate indices published by the Central Bank of Iceland will be introduced tomorrow, December 1, 2006. The main purpose of the change is to allow the currency baskets used in these calculations to reflect as closely as possible the composition of Iceland’s foreign trade in both goods and services, by increasing the number of component currencies.
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Republic of Iceland Eurobond issue
The Republic of Iceland today completed a €1 billion Eurobond issue (EMTN), equivalent to approx. 90 b.kr. The fixed-rate notes mature on December 1, 2011. Re-offer spread was 1 point below EURIBOR.
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Standard & Poor´s Ratings Services assigned its AA- senior unsecured debt rating to the Republic of Iceland´s debut euro-denominated bond
Standard & Poor´s Ratings Services assigned its AA- senior unsecured debt rating to the Republic of Iceland´s debut (foreign currency AA-/Negative/A-1+, local currency AA+/Negative/A-1+) euro-denominated bond maturing in December 2011.
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Fitch Ratings today assigned the Republic of Iceland´s debut EUR1bn benchmark bond an Issuer Default rating (IDRs) of AA-
Fitch Ratings today assigned the Republic of Iceland´s debut EUR1bn benchmark bond an Issuer Default rating (IDRs) of AA-.
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Moody´s Investors Service has assigned a rating of Aaa to the Republic of Iceland´s new bond
Moody´s Investors Service has assigned a rating of Aaa to the Republic of Iceland´s new five-year, Euro 1 billion global bond. The new bond's rating is in line with the Icelandic government´s Aaa ratings on both local and foreign currency debt. The outlook is stable.
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