There has not been much issuance from the Nordic regions during 2001, but a number of transactions are expected by the end of the year.

The first synthetic deal from the Nordic regions is expected to close by year-end. AB Spintab will originate a commercial mortgage-backed security (CMBS), reportedly with Credit Suisse First Boston as lead-manager. Bank funding is relatively cheap in the Nordic regions so that there are also expectations of synthetic collateralized loan obligations, although these are more likely in 2002. But it is expected that a Norwegian collateralized debt obligation, and also a CLO will close this year.

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