Kaupthing Bank established an ISK 200 billion ($2.6 billion) covered bond programme, the first of its type by an Icelandic entity and the first debt issuance programme of any type expected to be listed on the Icelandic Stock Exchange. Allen & Overy, led by securitization partner Salim Nathoo, advised Kaupthing Bank. LM Attorneys advised Kaupthing Bank as to Icelandic law. The firms also advised on the issue of two series of inflation linked bonds under the programme.
April 30 2006