EQS-News

Pareto Securities further extended its leadership position on record activity in the Nordic HY bond market in Q1 2024 - Seite 2

The development in the mid-sized bond focused Nordic High Yield market was in line with its mostly benchmark size driven European and American counterparts. Both witnessed robust growth rates compared to the previous year's Q1. For instance, the European HY market gained over 119% in volume, closing Q1 2024 at EUR 28bn. Similarly, the US HY market experienced growth rates of 110% compared to the same period twelve months prior, concluding Q1 2024 at USD 84bn, reflecting the globally favorable market conditions.

German Nordic Bond issuers surged with activity in Q1 2024 from the outset
Investment holding Mutares capitalized on its market track record with a EUR 100m tap issue in January, fully utilizing its EUR 250m bond frame. Subsequently, LifeFit Group continued its growth agenda, funding the acquisition of 19 additional fitness clubs in Germany through a EUR 12m tap issue. March saw LR Health & Beauty SE successfully refinancing its outstanding EUR 125m with a EUR 130m bond, while SLR Group, backed by private equity firm Orlando Capital and specializing in the production of spheroidal graphite iron components, debuted with a EUR 75m issuance. Pareto Securities acted as sole or joint bookrunner in all these transactions. Outside the Nordic Bond format, however, the German SME bond market witnessed marginal activity in the first quarter of 2024.

Christian Czaya, Head of Fixed Income Sales Germany and designated CEO of Pareto Securities Germany: "Thanks to our in-depth market knowledge and the flexibility of the Nordic format, we were able to achieve excellent results for our clients even in a challenging 2023. The strong start into 2024 with four successful issues in Q1 confirms that now more and more companies are becoming aware of the benefits of Nordic bonds. As the market leader with decades of experience, we at Pareto want to take advantage of this momentum and support companies with our financing solutions."

To access the newsletter on the Nordic HY Bond market, please follow this link.

About Pareto Securities 
Founded in 1986, Pareto Securities is headquartered in Norway and has offices in Denmark, Finland, Sweden, Germany, the UK, Switzerland, the US, Singapore, and Australia. Pareto Securities has a leading position in the Nordic financial markets and a strong international presence. Pareto Securities offers a wide range of financial services, including equity and fixed income brokerage, equity, debt and project finance, and advisory services related to mergers and acquisitions and restructuring.