Nasdaq Nordic is the major center for listing of bonds in the Nordic region with about 8,000 listed bonds. More than 5,000 of these bonds are listed at Nasdaq Stockholm. All major types of debt instruments can be listed on our market, including medium-term note programs (MTN), commercial papers, mortgage bonds, convertibles, structured products and lottery bonds. We provide guidance to issuers and their advisors throughout the listing process.
Bonds are registered for trading on Nasdaq Stockholm according to Chapter 13 of the Swedish Securities Markets Act (SFS 2007:528). Information regarding trading is distributed through official price lists. Information about bonds traded on the Retail Bond List and Benchmark Bonds List can be found under price information. In order to register a bond, a prospectus that complies with Chapter 5 of the Financials Instruments Trading Act (SFS 1991:980) is required. Prospectuses are approved by the Swedish FSA: Finansinspektionen. Before the bond can be traded on the Exchange, the issuer must sign a listing agreement for bonds.
Nasdaq Stockholm has several lists available for bonds, depending on its type, structure, issuer and target investor.
Retail Bond List
Bonds listed on the Retail Bond List are intended mainly for small or medium sized investors. Bonds are traded under three headings on Retail Bond List: Retail Bonds, Subordinated loans and Structured Bonds. The issuer of the bond has an obligation to quote bid and ask prices on a daily basis.
Corporate Bond List
Bonds listed on the Corporate Bond List are bonds with a high nominal value and are mainly intended for a limited number of investors. There is only limited trading of bonds on the Corporate Bond List.
Benchmark Bond List
Benchmark Bonds are mainly traded by professional investors. The issuer of the bond has an obligation to quote bid and ask prices on a daily basis.
Application documents and time schedules for approval and listing of bonds
– should be sent to the Exchange no later than 12am two days before the listing date. Please see the following documents for listing at Nasdaq Stockholm.