28.03.2012 - Iceland targets wealth funds as new law hits bondholders
Iceland wants to target wealth funds from China and Norway next time it sells debt to foreign investors after fixing its krona controls to prevent some bondholders getting their returns in other currencies. The parliamentís March 13 agreement to backtrack on a program to ease currency controls by targeting debt investors it characterized as speculators wonít affect Icelandís ability to tap international bond markets in the future, Economy Minister Steingrimur J. Sigfusson said...............................................Full Article: Source
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