After a quiet period, the corporate bond markets in the Nordic region now appear to be bouncing back. A late 1990s M&A boom saw large-scale issuance, as the syndicated loan market struggled to cope with the demand for funds and the tenors required. Back then, companies such as phone manufacturer Ericsson, security firm Securitas and paper suppliers Stora Enso and M-Real were regular visitors to the international capital markets. However, a period of corporate deleveraging following the downturn at the start of the new century led to stagnation, with relatively little issuance in either the domestic or the Eurobond markets.Click here to view the pdf
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