FACILITATING INVESTMENTS IN ARCTIC REGION

High North
 

NIB allocates EUR 500m for Arctic lending facility

The Bank's new financing facility aims to co-finance projects in the High North. “This initiative reflects the priorities of the Bank’s member countries. The High North needs investments, for instance, in the energy sector, transport, and SMEs with very good understanding of the region’s special environmental circumstances. We hope that the new facility will provide an input necessary to address the pressing needs of the region”, says Henrik Normann, NIB President & CEO.

 
         

BUSINESS IN FOCUS

 
SJ X2000

 

Sweden: Renewable wins the train race

More and more people are choosing to travel with 20-year old high-speed X2000 trains the operator company SJ AB is now set to upgrade. “The environment will benefit every time a customer chooses to travel by train”, says Crister Fritzson, head of Sweden’s largest train carrier.

     
Vantaa waste-to-energy

 

Finland: Converting garbage into energy and heat

A new waste-to-energy plant in Vantaa has helped reduce Helsinki region’s dependence on fossil fuels. Financed with a loan from NIB, the facility burns mixed waste from 1.5 million residents.

     
         

FUNDING NEWS

 

 

Funding highlights

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

See also:

Funding transactions

     
Lars Eibeholm

 

Standard & Poor’s upgrades NIB’s financial profile

Standard and Poor’s has upgraded NIB's stand-alone credit profile from aa+ to aaa. "This means that NIB’s issuer credit rating doesn’t need any 'uplifting' from the callable capital. NIB’s issuer credit rating has become even more supported”, explains Lars Eibeholm, Head of Treasury.

     
Asbjørn Torvanger

 

CICERO: A second opinion on green bonds

The growing market for green bonds creates demand for independent reviews of the actual “greenness” of the projects they finance. "It is about building confidence and what investors want”, says CICERO's Senior Researcher Asbjørn Torvanger.

     
         

INTERVIEW AND OPINIONS

 
Economic outlook

 

Mixed economic outlook for the Baltic and Nordic countries

Despite a difficult environment, the Baltic economies have made progress in the past years, whereas the Nordic countries present a diverse picture. Read more on the economic situation in NIB's member countries in a column by Gunnar Tersman of Handelsbanken (Sweden).

     
         
 

Agreed Loans

24 Aug 2015 SJ AB EUR 81 million Sweden
19 Aug 2015 Amber Grid AB  EUR 32 million Lithuania
17 Aug 2015 Finnish Fund for Industrial Cooperation Ltd  EUR 36 million Finland
11 Aug 2015 Wärtsilä Corporation  EUR 100 million Finland
3 Jul 2015 Lidl Suomi Ky EUR 50 million Finland
3 Jul 2015 Lidl Sverige KB EUR 43 million Sweden
2 Jul 2015 Banco Nacional de Desenvolvimento Economico e Social EUR 92 million Brazil
24 Jun 2015 Suomen Hypoteekkiyhdistys EUR 10 million Finland
17 Jun 2015 Norrvatten EUR 27 million Sweden
16 Jun 2015 City of Vantaa EUR 52 million Finland
16 Jun 2015 Schibsted ASA EUR 50 million Norway
10 Jun 2015 City of Rovaniemi EUR 9 million Finland
 
         

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