Press release
Nasdaq European Debt Market Continues to Expand in 2019
Supported by strong volume growth in Sustainable Debt and Corporate Debt.Nasdaq Sustainable Bond Network off to strong start with new U.S. and European
About this update from Nasdaq, Inc.
[{"type":"text","content":"Supported by strong volume growth in Sustainable Debt and Corporate Debt.Nasdaq Sustainable Bond Network off to strong start with new U.S. and European issuers. STOCKHOLM, Sweden, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) saw another strong year for its European Debt Market, particularly in Corporate and Sustainable Debt, which saw volumes in 2019 grow with 16 and 65 percent respectively year over year.\n The growth of Nasdaq´s European Corporate Debt market was driven in part by the addition of Euro Medium Term Note (EMTN) programs by issuers Vattenfall, Landshypotek, Nykredit and Munifin as well as strong growth in domestic and international high yield markets. The sustainable debt market grew in all segments for the fifth consecutive year since being launched in 2015. “Nasdaq´s European Debt Market remains attractive for both investors and issuers, and we are particularly happy about having welcomed a number of Nordic EMTN programs in 2019,” says Fredrik Ekström, Head of European Fixed Income at Nasdaq. “Sustainable debt remains a key driver for growth and we look forward to strengthening our relationships and leadership within this field with new products and initiatives in 2020.” In total, more than 6,300 instruments with a total volume of more than €832,000 million, are currently listed on Nasdaq’s European Debt Market. The Nasdaq Sustainable Bond Network, a platform for increased transparency in the global sustainable bond markets, has hit a number of milestones since its launch in December, most notably the addition of bonds issued by Fannie Mae, Freddie Mac Multifamily and the New York State Housing Financing Agency. To date, more than 4,000 bonds are confirmed to enter the platform. “The feedback from issuers and investors has been overwhelmingly positive,” says Ann-Charlotte Eliasson, Head of European Debt and Sustainable Bonds at Nasdaq. “In little more than a month, we taken several steps to establish the Nasdaq Sustainable Bond Network as a leading global sustainable bond information hub, and we look forward to continuing this effort in 2020.” In 2019, Nasdaq strengthened its company-wide commitment to sustainability through a number of internal and external ESG efforts, including ESG reporting and engagement, carbon neutrality and employee wellness. New initiatives such as a global ESG reporting guid...