Nordic Corporate Bonds - What Happens Next

Over the last decade, the Nordic bond market has experienced significant growth in terms of volume and number of issuers and has become a viable alternative for issuers across substantially all industry sectors (not only the real estate sector) and varying credit profiles seeking debt financing. At the end of 2019 the total outstanding amount of the Nordic bond market was EUR 1,1122bn, of which EUR 102 billion consisted of corporate bonds (i.e. excluding FIG and public sector issuers) after approximately 9% of growth over the preceding year. The markets in Sweden and Norway are by far the larger among the Nordic countries, although Finland and Denmark have seen increased activity as well. Marketing is conducted primarily within the Nordic markets, although depending on the transaction it is fairly common that investors in other jurisdictions are approached as well.