Nordic Bond Market Gets Rare Deal to Fund Space Operations

The strength of demand in the Nordic credit market is increasingly opening the door to a wide range of deals, including a rare bond to help fund spending on rocket launch sites.

Andoya Space AS sold 300 million Norwegian krone ($32 million) of five-year senior unsecured notes, according to a person familiar with the matter who asked not to be identified as the information is private. It priced the notes at 220 basis points above midswaps, which was the tight end of an earlier target range after drawing solid interest from investors.