In 2017, NIB continued to expand its lending operations. Loans aimed at improving productivity supported investments in R&D, infrastructure and energy. On the environmental side, the focus was on wastewater treatment.
On 23 January, NIB priced its first global USD benchmark in 2018. A new three-year bond met positive response with almost sixty investors participating.
The Bank's five-year NZD 400 million transaction has become inaugural in the New Zealand bond market this year.
On 13 September, NIB issued its second global USD bond this year. The three-year USD 1 billion deal was priced at mid-swaps -5 bps.
The new SEK-denominated NIB Environmental Bond (NEB) is the sixth and largest NEB transaction issued in Swedish crowns.
On 11 May, NIB increased the NIB Environmental Bond 2024 by EUR 500 million to EUR 1 billion to support lending to selected environmental projects.
In 2016, NIB increased its new lending to EUR 4.4 billion. While corporate investment remained subdued, the demand for long-term loans saw strong growth, particularly in the public sector.
The report presents the results of the NIB Environmental Bond programme in 2016. It is available in print and online.
On 24 January, NIB priced a new 5-year global USD 1.25 billion bond, the Bank’s first public benchmark of 2017. The final high-quality order book was oversubscribed and with over 50 investors participating.
NIB is extending its cooperation with arrangers for green bonds. The cooperation with other banks is helping NIB to develop and support green financing.