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Published byChristina Wright Modified over 8 years ago
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The Development of the Swedish Corporate Bond Market A sustainable market with a potential of high future growth? By Erik Wallqvist
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Introduction Financial crisis Basel IIIStricter lending policies High growth of the corporate bond market 123
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Corporate issuance volume in SEK million (Swedbank, 2013). Issuance volume 2008: SEK 45 b Issuance volume 2012: SEK 100 b
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Method - Qualitative, in-depth semi-structured interviews. - Interviewes with actors from all sides of the market. Purpose Examine:- Previous development - Impact from development - How to adapt and utilize
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Frame of reference Previous research- Daniel Barr (2011) - Gunnarsdottir & Lindh (2011) - Wieslander (2012) Theory- Bond properties - General financial structure Legal Framework- Basel III
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Results/Conclusion What has been the impact from the growing Swedish corporate bond market on the market participants? - Established part on the financial market in Sweden. - Established financing alternative for companies. - New investment alternative for investors.
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Results/Conclusion How will the market participants behave to the expected continued growth of the Swedish corporate bond market? What is their attitude towards this future growth? - All actors are positive towards a continued future growth. - Companies will consider the bond alternative as a natural source of financing. - Banks expand their originating units.
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Results/Conclusion How shall market participants act to exploit opportunities or handle disadvantages, arising from the growth of the corporate bond market? -Originators shall keep a long-term strategy. -Investors have to fully understand all risk related to corporate bonds. -Develop a standardized bond documentation. -Companies shall diversify their debt portfolio.
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Thanks to the audience for listening. Thanks to all respondents and all professors that helped me in the process of this research. and
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