Nasdaq European Debt Market Continues to Expand in 2019
January 21 2020 - 3:24AM
Nasdaq (Nasdaq: NDAQ) saw another strong year for its European Debt
Market, particularly in Corporate and Sustainable Debt, which saw
volumes in 2019 grow with 16 and 65 percent respectively year over
year.
The growth of Nasdaq´s European Corporate Debt market was driven
in part by the addition of Euro Medium Term Note (EMTN) programs by
issuers Vattenfall, Landshypotek, Nykredit and Munifin as well as
strong growth in domestic and international high yield markets. The
sustainable debt market grew in all segments for the fifth
consecutive year since being launched in 2015.
“Nasdaq´s European Debt Market remains attractive for both
investors and issuers, and we are particularly happy about having
welcomed a number of Nordic EMTN programs in 2019,” says Fredrik
Ekström, Head of European Fixed Income at Nasdaq. “Sustainable debt
remains a key driver for growth and we look forward to
strengthening our relationships and leadership within this field
with new products and initiatives in 2020.”
In total, more than 6,300 instruments with a total volume of
more than €832,000 million, are currently listed on Nasdaq’s
European Debt Market.
The Nasdaq Sustainable Bond Network, a platform
for increased transparency in the global sustainable bond markets,
has hit a number of milestones since its launch in December, most
notably the addition of bonds issued by Fannie Mae, Freddie Mac
Multifamily and the New York State Housing Financing Agency. To
date, more than 4,000 bonds are confirmed to enter the
platform.
“The feedback from issuers and investors has been overwhelmingly
positive,” says Ann-Charlotte Eliasson, Head of European Debt and
Sustainable Bonds at Nasdaq. “In little more than a month, we taken
several steps to establish the Nasdaq Sustainable Bond Network as a
leading global sustainable bond information hub, and we look
forward to continuing this effort in 2020.”
In 2019, Nasdaq strengthened its company-wide commitment to
sustainability through a number of internal and external ESG
efforts, including ESG reporting and engagement, carbon neutrality
and employee wellness. New initiatives such as a global ESG
reporting guide for companies and a retail-oriented data service to
monitor companies’ ESG Footprint have been launched, while interest
for existing ESG products such as Nasdaq´s ESG Data Portal and the
trading of ESG Index Futures have continued to grow.
Nasdaq Sustainable Debt Market – Selected 2019
highlights:
- While green bonds continue to dominate the market, 2019 saw the
first social bonds listed in Stockholm and Iceland, issued by
Bayport Finance and Reykjavik Social Housing
- Throughout the year, Landshypotek, Vattenfall, Nykredit and
Munifin have moved listings under their EMTN programs to
Nasdaq
- In March 2019, Realkredit Danmark became the first Danish
Mortgage Bank to issue a green bond, closely followed by Nykredit
Realkredit and Nordea Kredit
- The segments for Green Commercial Papers and Green Structured
Bonds, both launched at the end of 2018, have continued to grow.
Listed volume has exceeded 350 million, from a number of Nordic and
European issuers, including BNP Paribas and Credit Agricole
- In December, Nasdaq launched the Nasdaq Sustainable Bond
Network, a platform for increased transparency in the global bond
market. It builds onto the knowledge and experience Nasdaq has
gained by since 2015 operating the world´s first market for
sustainable bonds
Nasdaq European Debt Market is the joint brand name for all
corporate bond, mortgage bond, sustainable bond and structured
product markets at Nasdaq Stockholm, Nasdaq Helsinki, Nasdaq
Copenhagen and Nasdaq Iceland.
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technology company serving the capital markets and other
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Nasdaq Media Contact
David Augustsson david.augustsson@nasdaq.com +46 73 449
6135
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