For the financial markets, 2011 turned to be very turbulent year. In the challenging environment NIB benefited from investors flight to quality and raised almost EUR 3 billion at favourable costs.
NIB has introduced its Environmental Bond. The NIB Newsletter has asked Lars Eibeholm, the Bank’s Head of Treasury and CFO, to tell more about the new treasury notes.
The global debt capital markets witnessed a strong start in early 2011. The volumes of new USD-denominated issues exceeded USD 35 billion in supranational, sovereign and agencies (SSA) benchmark issuance. This marks an almost 50% surge on the same period in 2010.
Long-term government yields in the financial markets have bottomed to levels last seen in the 1940s. Jón Thorsteinsson, Head of Own Capital Management at NIB, explains how this development affects the Bank and its borrowers.
The support of the owners adds to NIB's credibility and enables us to act already now, says NIB President Johnny Åkerholm commenting on the decision to increase the authorised capital of the Bank by EUR 2 billion as of 1 January 2011.
Even in today's volatile market conditions, NIB offers its investors stability and reliability along with the highest possible credit rating, says Lars Eibeholm, Head of NIB Treasury, in this interview.
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.
"Timing, pricing and duration are the keywords for NIB's funding activities in 2009," says Lars Eibeholm, Head of Treasury and CFO of NIB after a tough 2008 for the financial markets.
A loan programme with Finnish Nooa Säästöpankki Oy will finance investments by SMEs and small-scale environmental projects.
14 Dec 2017
A loan to the municipality of Täby will finance the construction of a new town hall building and a number of public infrastructure projects.
12 Dec 2017
A loan to the City of Tartu will finance municipal investments in road infrastructure and education institutions.
30 Nov 2017
Husqvarna AB (Sweden) (29 Dec 2017)
Swedavia AB (Sweden) (21 Dec 2017)