Finland Priming Junk-Bond Market to Sate Demand: Nordic Credit
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Investors seeking higher yields in Finland, the euro area’s best-rated nation, are lining up to join a new market place that will offer junk bonds from smaller companies for trading.
Nasdaq OMX Helsinki, which runs the country’s stock exchange, will open a bond marketplace in Finland on the First North platform next quarter, the first venue for trading debt of small and medium-sized enterprises in the country. As a further boon to the nascent market, the industry made a new proposal this month on standardized terms for the credit instruments to ease the entry of smaller companies to the fixed-income market.