SEB joins lead managers on €500m green bond from NIB

SEB is one of the lead managers on a €500m Nordic Investment Bank Environmental Bond transaction, which will see the proceeds allocated to an account for providing loans to environmental projects.

NIB is jointly owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden and its loans are offered to both public and private sector borrowers.

The new bond has a life of eight years and attracted support from investors such as AP4, Alecta, Mirova, FMO and APG. Other investors included Tapiola, Actiam, AP2 and  Crédit Agricole CIB.

Joint lead managers on the deal were Crédit Agricole CIB, Goldman Sachs International and SEB.

Helena Doglia Colling, deputy head of Bond Syndicate at SEB, said: “With this benchmark Environmental Bond, NIB has firmly established its profile as a Green Bond issuer. The high quality of the orderbook outlines the issuer’s strong and growing following in the SRI/Green Bond market since their inaugural NEB issued in 2011.”

Jens Hellerup, head of Funding & Investor relations at NIB, added: “NIB is very satisfied with the outcome of our second NIB Environmental Bond benchmark in EUR. We are especially excited to see the variety of green investors who are supporting NIB’s Environmental Bond framework. There was not a lot of supply of green bonds from the supranational sector during the last weeks, so we felt that a good window for issuance was available for us. The deal emphasises NIB’s strong presence in the green bond market.”


Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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