EQS-News

Pareto Securities further extended its leadership position on record activity in the Nordic HY bond market in Q1 2024

Issuer: Pareto Securities AS / Key word(s): Bond/Study Pareto Securities further extended its leadership position on record activity in the Nordic HY bond market in Q1 2024 19.04.2024 / 09:00 CET/CEST The issuer is solely responsible for the content of this announcement. Pareto Securities further extended its leadership position on record activity in the Nordic HY bond market in Q1 2024

Frankfurt, April 19, 2024. The Nordic High-Yield Bond market started strong in 2024, with several significant transactions closing in the first quarter and setting a new record for activity. The total value of transactions reached EUR 4.6bn, with a total of 47 transactions completed. This performance mirrors the growth seen in the wider European and US high yield markets. Amidst this buoyant atmosphere, German issuers also capitalized on the favorable market conditions offered by the Nordic Bond format. In total four German issuers were able to seize their opportunity, setting a new record for Q1. Capitalizing on this tailwind, Pareto Securities further expanded its leadership position in the Nordic HY Bond market in Q1 2024, with a market share of 31% in the overall market, a 66% market share in EUR-denominated Nordic HY bonds, and a 66% market share for private equity-backed transactions.

Nordic HY bonds have commenced the year with vigor, bolstered by sustained positive net inflows into Nordic high-yield funds and a prolonged period of market stability devoid of significant geopolitical surprises. Simultaneously, companies have demonstrated resilience in their earnings, resulting in a record-breaking 25 transactions occurring solely in March within the Nordic High-Yield Market. This favorable environment has been effectively leveraged by both new entrants and established issuers for refinancing purposes, resulting in the first quarter marking the most active period ever, with a total placed volume of EUR 4.6bn - a 38% surge compared to Q1 2023.