Nasdaq’s European Debt Market Showed Continued Growth in 2020
February 04 2021 - 3:02AM
Nasdaq’s European Debt Market Showed Continued Growth in 2020
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 its first ever listing of a social bond, issued by
Finland’s Municipality Finance PLC.
Data from the Nasdaq Sustainable Bond Network shows that the
issuers listing bonds at Nasdaq’s Sustainable Debt Market in Europe
together saved 9.5 million metric tons of greenhouse gas
equivalents through the investments financed by their sustainable
bonds, as reported by the issuers in their latest annual reports.
The emissions saved are equivalent to the greenhouse gas emissions
for the population of Stockholm.
Other notable 2020 events on the Nasdaq Sustainable Debt Market
include the Swedish Government’s $2 billion listing of the first
Nordic sovereign green bond in September and the listing of the
first corporate green bond in Finland, by Tornator, in October.
“The pandemic has underscored the need for investments in
projects targeting job creation and access to essential services,
and also the incredible power that the financial markets have in
order to help raise capital for those important efforts,” said
Ann-Charlotte Eliasson, Head of European Fixed Income Listings at
Nasdaq. “We have also been able to continue to expand the Nasdaq
Sustainable Bond Network by leveraging the experience we have
gained from operating the world’s first market for sustainable
bonds. Our deep roots in the global financial markets and our
first-rate technology give us an unique opportunity to support the
global community raising capital and gathering intelligence.”
The Nasdaq Sustainable Bond Network, a data platform for issuers
looking to showcase their sustainable bonds to investors, who in
turn are able to access, compare and understand the impact of the
bonds, has in the year since its launch grown into a leading
solution for increased transparency on the global sustainable bond
market. In 2020, over 300 issuers, including the Nordic Investment
Bank, African Development Bank, IFC – part of the World Bank, a
number of major European banks as well as state and government
agency issuers from Italy, Holland, Mexico, joined the platform. A
partnership between Nasdaq and SGX to expand the platform into the
Asian-Pacific region was also announced to launch in 2021. Nasdaq
European Debt Market is the joint brand name for all corporate
bond, mortgage bond, sustainable bond and structured product
markets at Nasdaq’s European exchanges.
About NasdaqNasdaq (Nasdaq: NDAQ) is a global
technology company serving the capital markets and other
industries. Our diverse offering of data, analytics, software and
services enables clients to optimize and execute their business
vision with confidence. To learn more about the company, technology
solutions and career opportunities, visit us on LinkedIn, on
Twitter @Nasdaq, or at www.nasdaq.com.
Nasdaq Media ContactDavid
Augustssondavid.augustsson@nasdaq.com+46 73 4496135
#NDAQG
Nasdaq (TG:NAQ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Nasdaq (TG:NAQ)
Historical Stock Chart
From Jul 2023 to Jul 2024