The tone in the credit markets shifted a little bit last week and the Nordic credit markets were more or less stable following some soft weeks. The iTraxx Crossover index spread was marginally tighter over the week. Our Nordic cash high yield index remained unchanged.
Last week we saw:
Shipping company Stolt-Nielsen Limited (OSLO:SNI) issue a 5Y FRN NOK 1,100m bond (DBM issue shadow rating of 'BB').
Swedish company Corem Property Group AB (ST:CORE) issue a 3Y FRN SEK400m bond. (DBM issue shadow rating of 'B+')
Orava Residential Real Estate Investment Trust plc (Finland) issue a secured 5Y EUR20m bond with a coupon of 4.25%. (DBM issue shadow rating of 'BB-')
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