Structured Products Nordic Region: Qualified optimism as more banks list in the Nordics

Strong risk appetite and a desire for yield has opened the door to structured products linked to a broad range of underlyings in the Nordics, as well as enticing more banks to list products in the region. But Mifid II and Prips continue to weigh heavily on Nordic market participants’ minds. Sarah Nowakowska reports

At one remove from the ongoing pressures and unresolved issues surrounding the eurozone, the Nordic region has seen increased interest from foreign issuers wanting to participate in its structured products markets, particularly via listed products. BNP Paribas, for instance, launched its first turbo warrants in Sweden back in February, while Société Générale recently issued its first autocallable warrant in the country.

Lower volatility and narrowing credit spreads since the start of 2012 have