The demand for NIB's bonds has proven to be strong and in 2010, with a new funding team in charge, NIB will continue to issue global benchmark bonds and diversify its investor base.
Many thousands of Soviet-era buildings in Lithuania need renovation for better energy efficiency. The costs will total at least EUR 1 billion, according to estimates from the Ministry of Finance, which stats that "doing nothing will be even more costly in the long-run".
The NIB Newsletter spoke with Lars Selenius, Head of Member Lending, and Søren K. Mortensen, Head of Non-Member Lending, after NIB Lending was reorganised in early 2010.
A loan to the Lithuanian rail infrastructure operator is aimed at support safety- and environment-related improvements on the country's railroads in the time period 2009-2011
A recycling centre and a new biopower plant are taking form in Kerava, near Helsinki. Both facilities will help reduce carbon dioxide emissions and both have received long-term loans from NIB.
Hilde Kjelsberg, Vice-President and Head of the Credit and Analysis department at NIB, explains how her department assesses the environmental impact of NIB's potential projects.
In late October 2009, the EU adopted a common strategy for the Baltic Sea region. "When it comes to the implementation of the strategy, the political will is most important," says Sweden's Minister for EU Affairs Cecilia Malmström.
Linnar Viik, Estonia's internet guru and innovation advocate, believes NIB and other IFIs will include innovation assessment in all project evaluations by 2015, stating that "Creativity is not embedded to the past but in the future".
A new Northern Dimension partnerhip has been established for resolving bottleneck issues within transport and logistics, NDPTL. In this interview, Harro Pitkänen, Senior Director and Deputy Head of Lending at NIB, comments on the objectives of the the new partnership.
A newly developed strategy of the EU for the Baltic Sea aims at coordinating action to promote a more balanced development of the region. The strategy has four main objectives: to improve the marine environment, enhance prosperity, make the region more accessible and attractive and improve safety and security.
On 7 February, NIB priced a 3-year global USD 2 billion benchmark transaction. This is the largest USD benchmark in the Bank’s history with the biggest order book ever achieved by NIB.
7 Feb 2013
NIB has mandated Deutsche Bank, HSBC and RBC CM to lead manage its upcoming 3-year US dollar global benchmark.
6 Feb 2013
NIB and Aalto University Properties Ltd have signed a EUR 40 million loan for financing the construction and renovation of university buildings at Aalto University’s joint campus.
4 Feb 2013