China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

October 1998

Early days for corporate bonds


Corporate bonds are even less developed in Scandinavia that in the rest of Europe, but a ratings culture could change all that.


Housing Fund of Finland: daring issuer

Leading bookrunners of Nordic issues,
October 1997-September 1998

US$ m No. issues Share (%)

1

Salomon Smith Barney

4,244

14

17

2

Merrill Lynch

2,993

16

12

3

ABN Amro

2,460

8

10

4

Morgan Stanley

1,751

8

7

5

Credit Suisse First Boston

1,674

6

7

6

Barclays Capital

1,369

5

6

7

Nomura Securities

1,295

17

5

8

JP Morgan

1,118

5

5

9

Warburg Dillon Read

994

7

4

10

Goldman Sachs

780

3

3

Source: CapitalData Bondware
With the advent of the euro European corporate bonds are likely to flourish, and Nordic corporate bonds with them. But, while they are in their infancy in most European countries, in Scandinavia they are embryonic.

Issuance from Nordic names over the past year includes only a...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today