4 May 2021
EUR 104.6 million
On 6 April 2020, NIB listed its inaugural EUR 1 billion Response Bond on Nasdaq Helsinki. The proceeds of the bond will be used to finance projects that alleviate the social and economic impacts of the COVID-19 pandemic in the Nordic and Baltic countries.
NIB’s owners have invited the Bank to provide support to its member countries and to sustainable businesses that are faced with the socioeconomic consequences due the coronavirus outbreak. NIB will increase its lending to this effect, and the 3-year Response Bond will finance such loans.
Eligible projects for financing with Response Bond proceeds will mainly promote capacity increases in healthcare systems and provide financial support and labour market solutions to alleviate frictions to supply chains.
“This is our first Response Bond, and our first listing on Nasdaq Helsinki. We are pleased to see a very strong outcome. Quick action is needed to counteract the effects from the pandemic, and the Response Bonds are our first reply to raise funding and to back these actions”, says Jens Hellerup, Head of Funding and Investor Relations at NIB.
“During these extraordinary times, NIB has built on its good name and reputation to swiftly launch this new Response Bond framework. PGGM is content to be an investor in the first Response Bond, on behalf of the Dutch healthcare sector pension fund. This bond provides an opportunity, at historical attractive valuation levels, not only to aim for financial goals but also add to non-financial objectives which we believe are achievable through allocating capital”, says Wilfried Bolt, Senior Investment Manager, Fixed Income, at PGGM.
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About Nordic Investment Bank
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.
For further information, please contact:
Mr Jens Hellerup, Head of Funding and Investor Relations, at +358 961 811 401, firstname.lastname@example.org