Nordic Corporate Bond Market Report 2025

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 (+12.4%), with Norway leading the growth on strong activity across both high yield and investment grade.

The 2025 Nordic Corporate Bond Market Report provides a detailed analysis of these trends and offers insights into the evolving market landscape.

Selected highlights include: 

• Overview of the Nordic corporate bond market
• Outstanding and new issuance volumes, with segment and sector breakdowns
• Developments in green, sustainable, sustainability-linked and social bonds
• First-time default rates and market performance (index)
• Market activity across Norwegian, Swedish, Finnish, Danish and European markets
• League table statistics across Nordic and European (XS) bonds

The developments highlighted in the report are derived from aggregated statistics provided by Nordic Trustee, using data from its subsidiaries, Stamdata and Nordic Bond Pricing.

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We hope you find the report informative and valuable. The figures shown here are only a snapshot of the broader datasets available through Stamdata and Nordic Bond Pricing.

For access to the market-standard bond data used in this report and by leading market participants in the Nordics, please contact [email protected] or visit Stamdata.com.

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