Nasdaq’s European Debt Market Showed Continued Growth in 2020
STOCKHOLM, Sweden, Feb. 04, 2021 (GLOBE NEWSWIRE) Nasdaq (Nasdaq: NDAQ) saw its European Debt Market grow by 8 percent in 2020. Continued interest to list Euro Medium Term Note (EMTN) programs and strong demand for ESG investment opportunities have fueled the expansion. Issuers have also tapped the debt capital markets to raise funds to support Covid-19 pandemic mitigation efforts.
The market for corporate debt grew with 18 percent in 2020. Nasdaq has also seen the number of listed Euro Medium Term Note (EMTN) programs increase throughout the year, continuing a trend that started in 2019.
Total listed volumes on the Nasdaq Sustainable Debt Market increased 53 percent year over year in 2020. The global pandemic has fueled fundraising efforts among many governments, NGOs and companies, including the Nordic Investment Bank which issued bonds to support the government of Estonia. In September, Nasdaq Helsinki also saw
Essity raises EUR 700m in the bond market
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STOCKHOLM, Feb. 1, 2021 /PRNewswire/
Essity has today raised EUR 700m in the bond market under its Euro Medium Term Note (EMTN) program. The reoffering yield for the bond was 0.289% with a maturity on February 8, 2031, corresponding to mid swaps +0.47 percentage points.
The bond offering was oversubscribed, and the transaction was placed with more than 100 investors.
The bonds will be listed on the Luxembourg Stock Exchange. The purpose of the issue is to refinance maturing bond loans and to finance operations.
Danske Bank, JP Morgan, Nordea, and UniCredit Bank acted as joint bookrunners for the transaction.