20 May 2020
EUR 64.5 million
Industries and services
On 9 April 2020, NIB listed a 3-year SEK 4 billion Response Bond on Nasdaq Stockholm. The issue is NIB’s second Response Bond dedicated to financing projects that mitigate the impact of the COVID-19 pandemic, and NIB’s largest-ever issue in Swedish krona.
In reaction to the coronavirus crisis, NIB has decided to increase its lending to support its Nordic–Baltic member countries and sustainable businesses that are facing economic difficulties due to the pandemic.
To finance such loans, the Bank issues Response Bonds, the proceeds of which will finance eligible investments in the healthcare sector and alleviate frictions to supply chains. This includes financing of a temporary increase in social security expenditures, such as unemployment, sickness, and child- and elderly care benefits.
Further, the Response Bond proceeds can be used for on-lending to SMEs and larger companies, for example in the medical equipment sector.
“Response Bonds are our first measure to support the Nordic and Baltic countries in dealing with the societal and economic aftermath of COVID-19. The reaction has been very positive, and we are pleased to be listing on Nasdaq Stockholm again”, says Jens Hellerup, Head of Funding and Investor Relations at NIB.
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to over 4,000 total listings with a market value of approximately $15 trillion.
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, email@example.com