Oslo 18 April 2013 – As part of its Nordic focus, Oslo Børs announces that Oslo ABM has changed its name to Nordic ABM. Nordic ABM targets fixed income issuers throughout the Nordic region, and a number of Nordic issuers have already listed bond issues on Nordic ABM. Since the Burgundy markets will become part of the Oslo Børs offer in June, a new fixed income market will be added to the trading system which will allow trading in fixed income instruments intended for Swedish investors that are denominated in Swedish kronor.
Oslo Børs launched Oslo ABM in 2005 as an alternative marketplace for listing and trading in bonds and short-term fixed income instruments (certificate loans). The Oslo ABM marketplace quickly proved successful, and there are now more issues listed on Nordic ABM than on the Oslo Børs marketplace.
“We have seen strong growth in the Nordic fixed income market over recent years, with fixed income issues becoming an ever more important source of financing for Nordic companies. In parallel with this, fixed income instruments have become an attractive investment alternative for many investors. This provides a good foundation for Nordic ABM to become the preferred listing venue for bonds and certificate loans in the Nordic region”, comments Bente A. Landsnes, President and CEO of Oslo Børs.
About Nordic ABM
Nordic ABM is an alternative to the stock exchange marketplace for both new and existing borrowers and investors in the Nordic market. Nordic ABM is a marketplace regulated by Oslo Børs, and since it is not subject to authorisation under the terms of the Stock Exchange Act it operates independently of EU directives. The listing process is somewhat less detailed than is the case for the stock exchange marketplace, and issuers have greater flexibility in respect of the accounting standards they apply. However, the trading rules and rules on the continuing obligations of issuers are largely the same as for the Oslo Børs marketplace.
For more information about Nordic ABM: http://www.nordicabm.no/Nordic-ABM/Notering