Early days for corporate bonds
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BANKING

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.


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