Debt capital markets: Nordic corporates turn away from banks

Basle III forcing structural shift; SME sector key growth segment

A structural shift in corporate financing in the Nordic region is accelerating, as companies turn away from traditional bank lending to access domestic and international capital markets funding.

The development could lead to a sharp rise in domestic bond issuance in particular, as small-, medium- and large-cap Nordic companies seek to diversify funding and lock in competitive pricing levels and deep local market liquidity.

Nordic postal company PostNord AB provided the most recent example of this in September when it sold SKr2 billion ($303.25

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