Half of Iceland’s Icesave Debt Repaid

icesave-logoThe new Landsbanki paid the bankruptcy estate of the old bank ISK 73 billion (USD 580 million, EUR 461 million) in foreign currencies last week. According to Fréttablaðið’s sources, the amount will soon be paid out to the bank’s priority claimants, after which half of the Icesave debt will have been compensated.

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