A EUROMONEY SURVEY – MARCH 1996
Niche market offers select investment opportunities
After rapid growth in the past few years – driven mainly by budget deficit financing – prospects for foreign investors in the Nordic bond markets look increasingly dull. One of the biggest problems, despite growth, is size. For example, by 1994, the four markets (Denmark, Finland, Norway and Sweden) had publicly-issued bonds of around $550 billion; but government bonds only amounted to $17 billion in Norway, $20 billion in Finland, $77 billion in Sweden and $90 billion in Denmark, making a total of only around $200 billion.
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