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Danske Bank Urges Denmark to Move Forward on SME Bond Plan

March 8 (Bloomberg) -- Denmark’s government should move quickly to introduce a corporate bond market for small and medium-sized enterprises, Steen Blaafalk, head of group treasury at Danske Bank A/S, the country’s biggest lender, said.

There’s a “rising interest” in the bonds, and the market won’t work until the parliament approves measures, Blaafalk said today in a speech in Copenhagen.

The government said last year it will help so-called SMEs to obtain cheaper funding by allowing pooled bond issuances which will improve liquidity and attract more buyers. Annette Vilhelmsen, Denmark’s minister responsible for banking, said in January parliament would vote on the proposal in the fourth quarter and the first bonds could enter the market next year.

The bonds will need to have “high interest rates” to be attractive, Benny Andersen, chief investment officer for the pension fund PenSam, said at the same event. The life and pension industry already has considerable options in the U.S. and Europe, he said.

To contact the reporter on this story: Frances Schwartzkopff in Copenhagen at

To contact the editor responsible for this story: Christian Wienberg at

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