Nordic Landlords Eye 2025 Euro Bond Revival as Crunch Fades
Residential apartment blocks in Hagastaden, Stockholm.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Europe’s corporate bond market will likely see more issuance from Nordic landlords in 2025 after a two-year funding crunch eased this fall with issues by Heimstaden Bostad AB and Castellum AB.
The region’s property firms face a €10.6 billion ($11 billion) mountain of maturing notes over the next 12 months, having loaded up on debt during the cheap-money era. A subsequent surge in borrowing costs at a time of falling property valuations fueled a funding crunch in 2023, with companies in Sweden being particularly hard hit.