NIB INTRODUCES A NEW  FINANCING PRODUCT

Environmental projects
 

NIB to buy green bonds to support environmental projects

The Bank has allocated EUR 500 million to be invested in green bonds issued by companies or municipalities in the member countries.

“The green bond market creates a solid foundation for financing environmental and climate investments. NIB aims to contribute to the development of the green bond market because green bonds are a very good tool for allocating funds towards joint targets”, says Lars Eibeholm, Head of Treasury.

“This is an important complement to NIB’s ordinary environmentally based lending activities. Investing in green bonds will broaden NIB’s outreach and give us additional means to provide financing for important projects”, says Thomas Wrangdahl, Head of Lending.

 
Thomas Wrangdahl and Lars Eibeholm

 

Buying green bonds a new way to finance environmental projects

Thomas Wrangdahl, Head of Lending, and Lars Eibeholm, Head of Treasury, explain the new initiative: “NIB will invest in bonds issued by corporates and municipalities in the Bank’s member countries. We target bonds of high creditworthiness which will not affect negatively the Bank’s overall risk profile." Read more in the interview.

     
Stockholm

 

Investors show interest as Stockholm County borrows green

Stockholm County Council is a leading green bond issuer in Sweden. The council aims to promote energy and resource efficiency. Frida Korneliusson, the council's treasurer, comments: "Issuing green bonds definitely supports us in financing these goals. In addition to that, we are keen to diversify our funding sources and debt investor base.”

     
         

BUSINESS IN FOCUS

 
Arbejdernes Landsbank

 

Arbejdernes Landsbank: Gearing up for a leap

Arbejdernes, 'Danes' preferred bank' for the seventh year in a row, is eyeing more corporate customers. Before the bank turns hundred years old in 2019, their weight in lending should almost threefold. “This is a new leap for us”, Kåre S. M. Breinholt, Director of Corporate Banking at Arbejdernes Landsbank, says in an interview with the NIB Newsletter.

     
E18

 

E18 in the Nordics: Moving at different speeds

While for traffic safety, the speed limit is being reduced on E18 stretches in Sweden, Finland is set to launch its fully upgraded part of the motorway in 2017, built using the PPP model. "PPP has an excellent track record of delivering high quality roads”, says Joe Wright, Head of Transaction & Portfolio Management at NIB.

     
NEFCO 25 years

 

NEFCO: 25 years of supporting Nordic cleantech

The market for smart and clean solutions is expected to grow to at least EUR 6,000 billion by 2050. Nordic companies have a good chance to become global forerunners in offering more sustainable, cleaner solutions, Mari Pantsar of the Finnish Innovation Fund said at a seminar arranged to mark NEFCO's anniversary.

     
         

FUNDING NEWS

 

 

Funding highlights

Monthly updated coverage of NIB's funding operations: funding targets, reports on transactions and graphs.

See also:

Funding transactions

     
         
 

Agreed Loans

4 Apr 2016 Helgeland Kraft AS EUR 50 million Norway
23 Mar 2016 City of Kajaani EUR 12 million Finland 
16 Mar 2016 AB Electrolux  EUR 133 million Sweden
16 Mar 2016 Kilpilahti Power Plant Ltd EUR 80 million Finland
15 Mar 2016 A/S Arbejdernes Landsbank EUR 50 million Denmark
10 Mar 2016 Orkla ASA EUR 60 million Norway
 
         

PUBLICATIONS

 
Interim Report

 

Financial results Jan-Apr 2016

NIB's results for the first four months of the year will be published on 13 June 2016.

     
   

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