Glitnir successfully issued and sold an ISK 15bn ($200m) five year mandatory convertible bonds in a closed offering to Icelandic institutional investors. more info >>
Moody's Investors Service today downgraded Glitnir Bank's financial strength rating ("BFSR") to C- from C and its long-term foreign and local currency deposit ratings to A2 from Aa3. The Bank's Prime-1 short-term rating was affirmed. more info >>
