The Norwegian market slowed down in the third quarter as rollover opportunities were limited due to autocallables delaying to cash out.
Issuance fell 25% and sales fell 10% compared to previous quarter while the market was down an estimated 18% in sales compared to the same period last year. Autocallables knocking out during the first three quarters of 2018 released NOK294m (€29.1m) back on to the market while the same period this year has only seen NOK123m from products with early redemption, representing a fall of 58% in terms of rollover funds available for new investments. Includes: Private Banking -
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