Nordic Bond Pricing
Services

Pricing and index services

We provide evaluated prices for fixed income instruments in the Nordic markets, with a focus on NOK and SEK denominated bonds, and a family of bond indices designed as market benchmarks.

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  • Daily evaluated prices
  • Nordic bond indices
  • NOK and SEK focus

Core services

Evaluated bond prices and Nordic bond indices for institutional clients that need daily fixed income data for valuation, performance and control functions.

Evaluated Bond Prices

We aim to provide the best estimate of market prices for the instruments we cover, in a market where many securities trade infrequently and an indisputable market price is often difficult to obtain.

  • Built by gathering information, cleansing and processing data, and quality assurance by experienced analysts
  • Valuations are mainly estimated from broker quotes and indications
  • Additional inputs can include secondary market trading levels, primary issuance and information from fund managers or traders
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Bond Indices

Our index family is a comprehensive and flexible range of benchmarks designed to measure and analyse the performance of Nordic debt markets.

  • Sub-indices across multiple combinations of bond classes, maturities and interest rate types
  • Daily routines and controls on input and output data, including reference data and return components
  • NBP is an approved Benchmark Administrator under the EU Benchmark Regulation (2016/1011)
Available indices

Index performance

Calendar-year returns for two of our Norwegian benchmark indices: the broad NORM index and the NORM1FRN floating rate index, as published in our index factsheets.

All available indices

Calendar-year returns

Percent per calendar year, 2017–2025

  • NORM1FRN NBP Norwegian RM1 Floating Rate Index NOK
  • NORM NBP Norwegian RM Aggregated Index NOK
Source: NBP index factsheets, September 2026. Past performance is not a reliable indicator of future results.
Show figures
Calendar-year returns in percent
YearNORM1FRNNORM
20171.88%2.35%
20181.38%1.32%
20191.96%2.38%
20201.31%2.64%
20210.61%0.38%
20221.67%0.29%
20234.54%4.89%
20245.35%5.04%
20255.20%5.45%

How clients use the services

The same pricing and benchmark data supports front-office, operations and control functions.

Valuation

Support daily pricing and net asset value calculations with independently evaluated fixed income data.

Performance

Use benchmark indices and evaluated prices for performance measurement and portfolio monitoring.

Control functions

Give research, compliance and risk management teams the same core pricing and benchmark framework.

Who it is for

Professional market participants that need independent daily data for valuation, reporting, performance measurement, compliance and risk management.

  • Mutual funds
  • Insurance companies
  • Pension funds
  • Custodians
  • Fund administrators
  • Banks
  • Other financial institutions

Pricing workflow

We collect market information, process it through financial models and apply analyst quality assurance before daily delivery.

  1. Market inputs

    • Broker quotes and indications
    • Secondary market trading levels
    • Primary issuance
    • Information from fund managers and traders

  2. Evaluation

    1. GatherCollect quotes, indications and other market information.
    2. CleanseProcess and organise the data for consistent use.
    3. ModelRun the data through our financial models.
    4. Quality assureExperienced analysts review the evaluations before release.

  3. Daily delivery

    Distributed electronically through Nordic Trustee’s Stamdata feed, for:

    • Net asset value and valuation
    • Performance measurement
    • Research, compliance and risk management

Need pricing coverage or benchmark details?

Talk to us about evaluated bond price coverage, index benchmark requirements or the Swedish trade reporting service.

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