AMWatch

Risk-on Nordic credit market sparks rebound in junk bonds

A strong recovery in the Nordic bond market throughout the summer is paving the way for renewed sales in the riskiest type of debt.

Nordea’s head of syndication, Povl Bak-Jensen, says debt capital markets are now looking “very receptive” toward borrowers and cites last week’s hybrid offering from Finland’s national carrier Finnair Oyj as a case in point. Photo: PHIL NOBLE/REUTERS / X01988

Nordea’s head of syndication, Povl Bak-Jensen, says debt capital markets are now looking “very receptive” toward borrowers and cites last week’s hybrid offering from Finland’s national carrier Finnair Oyj as a case in point.

“We are seeing broad-based support for new issues, and issuers are taking advantage of that,” Bak-Jensen said in an interview.

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