|Date of loan:||1 Jul 2008|
|Customer:||Oi (Telemar Norte Leste S.A.)|
|Amount in USD:||USD 100 million|
|NACE sector / loan type:||Post and telecommunications, A/B loan|
|Infrastructure, transportation and telecom|
The A/B loan has been provided for financing the expansion of the company's 2G and 3G mobile networks in the São Paulo region of Brazil. Oi has concluded contracts with Nokia Siemens Networks for the supply of telecom infrastructure equipment.
The Oi Group is Brazil's largest provider of fixed-line telecommunication services with more than 14 million subscribers (2007). The company also has 16 million mobile telecom subscribers and 1.5 million data services customers.
NIB's A loan would amount to USD 100 million with a 10-year tenor and the B loan to USD 150 million with a 7-year tenor. The B loan will be fully underwritten by BNP Paribas and Banco Bilbao Vizcaya Argentaria.
The extension and capacity increase of the existing telecommunications networks in urban and rural areas, including the instalment of base-stations and transmitting towers, will have insignificant environmental impacts.
NIB has provided a EUR 61 million loan to DNB Bank ASA. The funds will be onlent to finance one of northern Europe’s largest onshore wind farms, in Jädraås, eastern Sweden.
22 May 2013
NIB and Latvia’s state railway company have signed a new loan for upgrading a railway section in the country’s east-west transport corridor.
22 May 2013
A loan agreement has been signed with the Swedish company Vimmerby Energi & Miljö AB to finance a new bio-fuelled combined heat and power plant.
8 May 2013