Kvika banki hf.: Authorisation granted for issuance of covered bonds

Iceland’s Financial Supervisory Authority authorized Kvika banki hf. to issue covered bonds under Act No. 11/2008. The approval is a positive step for Kvika’s funding capabilities, but the article provides no size or immediate issuance details to gauge near-term earnings impact.

Analysis

Iceland’s Financial Supervisory Authority authorized Kvika banki hf. to issue covered bonds under Act No. 11/2008. The approval is a positive step for Kvika’s funding capabilities, but the article provides no size or immediate issuance details to gauge near-term earnings impact.