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NORDIC INVESTMENT BANK
Nordic Investment Bank
05 NOVEMBER 2013
NORDIC INVESTMENT BANK
Basic information
05 NOVEMBER 2013
• Founded by the Nordic countries in 1975 (active
since 1976)
• The Baltic countries joined in 2005
• Headquarters in Helsinki
• Lending in both member countries and non-member
countries
• Funds acquired on the international capital markets
• AAA/Aaa credit rating
NIB Headquarters in Helsinki, Finland.In 2009, NIB Headquarters joined
the WWF Green Office network.
NORDIC INVESTMENT BANK
NIB - Providing long-term value
05 NOVEMBER 2013
• AAA/Aaa-rated supranational institution
• Strong support from member countries
• Solid financial performance
• Explicit environmental mandate
• High asset qualityHorns Rev II in the North Sea.
Photo: DONG A/S (Denmark)
NORDIC INVESTMENT BANK
Based in Northern Europe
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Iceland 0.9%
Baa3/BBB-
Norway 21.5%
Aaa/AAA
Sweden 34.6%
Aaa/AAA
Denmark 21.1%
Aaa/AAA
Finland 17.7%
Aaa/AAA
Estonia 0.9%
A1/AA-
Latvia 1.3%
Baa3/BBB
Lithuania 2.0%
Baa1/BBB
NORDIC INVESTMENT BANK
Rajakiiri Wind Farm,
Finland
Eagder Energi Hydropower,
Norway
Latvenergo Hydropower,
Latvia
Svartsengi Geothermal
Power Plant, Iceland
WtE Plant, LithuaniaDONG A/S, Denmark
NIB in the member countries
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Gabrielsberget Nord,
Sweden
Estlink, Estonia
NORDIC INVESTMENT BANK
Mission and mandate
05 NOVEMBER 2013
• NIB promotes sustainable growth of its member countries by providing long-term complementary financing to
−projects that strengthen competitiveness
−projects that enhance the environment
NORDIC INVESTMENT BANK
Loans outstanding
7
2009 2010 2011 2012 Apr 2013
Non-member countries 2.874 2.761 2.889 2.930 2.995
Member countries 10.901 11.019 11.264 12.241 12.356
Total 13.775 13.780 14.153 15.171 15.350
79% 83% 81% 80% 81%
21% 17% 19% 20% 19%
13,775 13,780
14,153
15,171
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
EUR m
Non-membercountries
Membercountries
Total
15,350
NORDIC INVESTMENT BANKNORDIC INVESTMENT BANK
Long-term lending instruments
• Corporate loans, 5–15 years
• Financing via financial intermediaries, 5–12 years
• Sovereign loans to states or against state guarantee, 15–30 years
• Project financing, 5–15 years
• Max 50% of the total costs
NORDIC INVESTMENT BANK
NIB loan cases
05 NOVEMBER 2013
• Anholt Offshore Windmill Farm in the North Sea,
Denmark- EUR 240 million to DONG Energy A/S
- Corporate risk
• Gabrielsberget Nord Vind AB, Sweden- 16.5-year-maturity loan totalling EUR 33 million
- Guaranteed by KfW and SEB
• Tractebel Energia S.A., Brazil- 12-year-maturity loan totalling USD 70 million
- Project Finance