Besides questions of legality and issuer angst, there are basic concerns about market dysfunction. Many issuers have started relying more on bank credit instead of bonds. And investors are wary of a market whose recent crash was in part caused by excess representation of some high-risk industries, such as real estate.
She says the Riksbank will probably buy investment grade bonds, allowing the primary market to"open up for that category". If the Riksbank could buy newly issued notes,"that would help even more", she said. "The high yield market in Sweden has not yet opened," said Nordea's head of debt capital markets, Antti Saha.
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