During the last year, the SCGI, together with the OECD, has conducted a research project regarding the Swedish corporate bond market. On the SCGI:s side, the project is headed by director Erik Lidman. On October 14th, the first report from this project was launched at a seminar with Carmine Di Noia, Director, OECD Directorate for Financial and Enterprise Affairs, and Henrik Braconier, Chief Economist as speakers. The seminar was moderated by directors Rolf Skog and Professor Erik Lidman.
The report provides a detailed account of the Swedish corporate bond market. Based on original data, it offers an overview of how the market has developed in the past two decades with respect to, among other things, size, issuer characteristics, risk profile and liquidity. In particular, it documents how the market has changed since the 2008 financial crisis and explores the increasingly important role of real estate companies in the local bond market. It also offers a comparison of the Swedish market with selected peer countries (European and non-European), both in terms of market structure and relevant regulation.
The SCGI is continuing its research on the Swedish corporate bond market, and if legal measures can be taken to improve its function, particularly as a source of financing for companies in times when bank lending becomes a less accessible source of capital. The next publication in this series is planned for the fall of 2023.
This project is made possible by the generous support of the Nasdaq Nordic Foundation.