Norway’s bond market is feeling the squeeze and the country’s regional banks are the main victims. Companies and banks seeking to raise debt are finding few willing investors out there, after life insurance companies filled up on bonds and real estate before the summer this year and as the plunging krone is keeping away foreign investors, according to DNB ASA, Norway’s largest lender. “Many investors have been rather fully invested,” said Jan Krogh-Vennemo, global head fixed income sales at DNB. “When spreads first start widening buyers become cautious and there were some issuers, especially within finance, that were ready after the summer and needed money.” The squeeze is mainly being felt for Norwegian savings banks. Spreads on five-year senior unsecured bank funding widened by 17 basis points last week to 105 basis points, the highest since February 2013, according to DNB. Sparebank 1 SMN, for example, paid 105 basis […]