Agreed loans

Loans disclosed here do not include green bond investments or individual allocations of lending facilities placed with intermediary institutions. For loans in currencies other than EUR, the equivalent in EUR is approximate and based on the exchange rate effective for the signing.

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Special features
Category A projects
Climate change mitigation
Maritime environment
Arctic facility
Environmental Bond financing
COVID-19 response

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Date Customer Loan agreed Summary  
17 Mar 2008

Moventas Oy


EUR 40 million

Climate: 25%

Investment in a new wind turbine gear manufacturing facility in Jyväskylä in central Finland. The facility, due to be completed in late 2008, will double Moventas’s wind turbine and industrial gear production capacity.

19 Mar 2008

Carlsberg Breweries A/S


EUR 94.2 million

Acquisition of the British brewery company Scottish and Newcastle’s (S&N) share of the beer producer Baltic Beverages Holding and S&N’s operations in France, Greece, China and Vietnam.

25 Mar 2008

Svenska Cellulosa Aktiebolaget SCA


EUR 84.9 million

Climate: 25%

Investments in a new recovery boiler in Obbola, Umeå, and the expansion of an integrated pulp mill in Ortviken, Sundsvall.

28 Mar 2008



EUR 63.3 million

Development of the company’s GSM infrastructure in Russia and other CIS countries.

31 Mar 2008

Electrolux AB


EUR 63.2 million

Investments in four new plants in Poland. The investments cover four product groups: dryers, dishwashers, washing machines and cookers.

4 Apr 2008

Ahlstrom Corporation


EUR 40 million

Acquisition of a controlling stake in a specialty paper mill in Jacarei, Brazil.

9 Apr 2008

Teollisuuden Voima Oy


EUR 50 million

Upgrade of turbines and enhancement of safety and efficiency at the Olkiluoto nuclear power plant’s two reactors. The project includes retrofitting low-pressure steam turbines, renewing sea water pumps and replacing inner isolation valves in the main steam pipes.

18 Apr 2008



EUR 15.8 million

Modernisation of Lenenergo’s electricity distribution network in St. Petersburg and the Leningrad Oblast.

25 Apr 2008

Vattenfall Treasury AB


EUR 21.4 million

Climate: 75%

Upgrade of Vattenfall’s hydropower plants in 2006–2013. A major part of the task involves reducing the environmental impact of Vattenfall’s operations and utilising water resources more efficiently. The investments are mainly focused on the replacement of turbines, generators and transformers.

25 Apr 2008

Banco Itaú BBA S.A.


EUR 12.8 million

Loan programme aimed at financing small and medium-sized enterprises’ projects involving NIB member country companies in Brazil.


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