Commentary & Deal Flow

Nordic Investment Bank (NIB), rated Aaa/AAA (Moody's/S&P), has mandated Credit Agricole CIB, Danske Bank, DZ BANK and Nordea for an upcoming EUR denominated 7-year Environmental Bond (NEB) Green Bond Benchmark. The deal will be launched in the near future, subject to market conditions.

• Use of Proceeds: It is intended that the Issuer will apply an amount equal to the net proceeds from an offer of such Instruments specifically to finance or refinance projects and activities providing environmental benefits and other environmental purposes ("Environmental Projects"), as further described in the Environmental Bond Framework.
• Framework: https://www.nib.int/files/bd62e3a9a22f7916b58dcb53f348a366b0666e95/nib-neb-framework-aug2024.pdf
• Target Market: Manufacturer target market (MIFID II product governance) is Retail, eligible counterparties and professional investors (all distribution channels).