The nationalization of Icelandic banks, Landsbanki and Glitnir, and the subsequent delivery of their balance sheets could affect certain U.K. CMBS transactions, according to a Barclays Capital research note published today, .

The placing into administration of the U.K. operations of Kaupthing, another Icelandic bank, has already caused significant problems in the last few days. Kaupthing called in loans to Robert Tchenguiz, triggering a sale of his equity interests in pub company Mitchell & Butlers and supermarket Sainsburys. 

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