Norway’s Domestic Pension Fund Says Oil Bonds Now Pay for Risk
2015-03-20 02:10:00.679 GMT
By Jonas Cho Walsgard
(Bloomberg) -- Government Pension Fund Norway, the domestic
counterpart to the country’s $850b wealth fund, said bonds
issued by oil-related companies now provide compensation for the
risk of credit losses.
* The bonds, which are mostly high-yield, have been pummeled
as oil prices slumped last year, driving the yield spread
investors demand versus benchmarks wider; now, some
investors are coming back, and the DNB High Yield Norway
Total Return Index has risen 5% from a 15-month low in
February
* Link to full story
For Related News and Information:
Top Nordic Stories: TOP NORD<GO>
To contact the reporter on this story:
Jonas Cho Walsgard in Oslo at +47-22-00-8212 or
jchowalsgard@bloomberg.net
To contact the editors responsible for this story:
Veronica Ek at +46-8-610-0722 or
vek@bloomberg.net
Stephen Treloar
2015-03-20 02:10:00.679 GMT
By Jonas Cho Walsgard
(Bloomberg) -- Government Pension Fund Norway, the domestic
counterpart to the country’s $850b wealth fund, said bonds
issued by oil-related companies now provide compensation for the
risk of credit losses.
* The bonds, which are mostly high-yield, have been pummeled
as oil prices slumped last year, driving the yield spread
investors demand versus benchmarks wider; now, some
investors are coming back, and the DNB High Yield Norway
Total Return Index has risen 5% from a 15-month low in
February
* Link to full story
For Related News and Information:
Top Nordic Stories: TOP NORD<GO>
To contact the reporter on this story:
Jonas Cho Walsgard in Oslo at +47-22-00-8212 or
jchowalsgard@bloomberg.net
To contact the editors responsible for this story:
Veronica Ek at +46-8-610-0722 or
vek@bloomberg.net
Stephen Treloar