Central Bank of Iceland to offload Kaupthing bonds acquired in the crisis

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The Central Bank of Iceland said this week it will begin selling fixed-income assets acquired following the collapse of the country's banking system in 2008 within the next six months.

The central bank's balance sheet swelled during the early days of the financial crisis when a string of bank failures left it with large amounts of collateral posted against central bank loans. It subsequently set up a separate entity, the Central Bank of Iceland Holding Company (ESÍ) to administer those assets.

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