Nordic Corporate Bond Market Report 2025
Presented by Nordic Trustee and Stamdata
In a year shaped by U.S. tariff pressure, geopolitical tensions and falling interest rates, the Nordic corporate bond market delivered a record performance in 2025. Outstanding volumes climbed to a new high of EUR 135bn (+12%), driven primarily by strong growth in Norway across both high yield and investment grade.
Selected key takeaways from the report:
- Nordic new issuance volume grew 13% year-over-year
- Norway and Sweden remain the largest corporate bond markets
- Nordic HY first time default rate declined through 2025
- Green bond outstanding volume increased by 22% in the region
- ESG bonds made up 30% of Nordic new issuance volume
- The Nordic HY aggregated benchmark index delivered 10% return
This report presents key developments in the Nordic corporate bond market, based on aggregated statistics from Nordic Trustee, Stamdata and Nordic Bond Pricing. It highlights findings derived from the data, without interpreting or speculating on underlying drivers.
For a more in-depth analysis tailored to your specific needs, visit Stamdata.com or contact us directly. Additionally, if you’re interested in corporate ESG statistics, we encourage you to explore our website, nordicesg.com, and read the inaugural edition of our Capital Market ESG Report.