Volumes are growing across the spectrum in the Scandinavian MTN markets, as issuers and bankers return from their summer holidays. Meanwhile, bankers are expecting Scandinavian investors to move further out along the credit curve in response to negative yields as dovish Nordic central bank tones could lead to a bullish Scandinavian market.
“Activity is picking up,” said one Scandinavian based banker on Monday. “It feels like everyone’s back in their seats today.”
“We are starting to see some bits and pieces being printed but the more formal bookbuilds will take a few days to get going,” said a second