NIB Environmental Bonds - FOR A SUSTAINABLE Future 1
Based in Northern Europe – SOLID OWNERSHIP Member Country Rating Ownership Sweden Aaa/AAA* 34.6% Norway Aaa/AAA 21.5% Denmark Aaa/AAA 21.1% Finland Aaa/AA+ 17.7% Lithuania Baa1/A- 2.0% Latvia Baa2/A- 1.3% Estonia Aa2/AA- 0.9% Iceland Baa3/BBB- 0.9% * Moody's /S&P - All ratings as of 13 October 2014 2 2
NIB Environmental Bonds WHY? Environment part of NIB's mission Supporting growing SRI awareness Investor diversification 3
Process Overview SELECTION CRITERIA - TOPICS Energy efficiency Waste management Reduction of energy use by min. 30% Public Transport Renewable energy Improved logistics for rail and Wind, solar, tidal and wave, waterways (mainly based on geothermal, biofules and -gas, hydro electricity and biofuel) Transmission Green Buildings Connect renewable energy to the grid Commercial and Muli-family buildings certified LEED Platinum or BREEAM Excellent and 25% improvement in Waste water treatment energy efficiency (EU green building requirements) 4
Transparent and open Framework Second opinion All policies All issued NIB Environmental Bonds and financed projects CO2 eq p.a. impact on portfolio basis www.nib.int 5
Reporting Co2 reduction p.a.* CO 370,000 t all projects financed in 2013 2EQ 290,000 t all projects financed by NEB * p.a. reduction calculated on the basis of the participation of NIB in per cent in a project 6
Pricing NIB USD1bn June-19 NIB USD500m Sep-21 Green Bond 6 4 Asset Swap Price in basis points (bp.) 2 0 -2 -4 -6 -8 -10 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 7
Take away points Transparent and open Reporting Pricing Thanks 8
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