FOR A SUSTAINABLE Future 1 Based in Northern Europe SOLID - - PowerPoint PPT Presentation
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
NIB Environmental Bonds -
Based in Northern Europe – SOLID OWNERSHIP
2* Moody's /S&P - All ratings as of 13 October 2014
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%
2Member Country Rating Ownership
Environment part of NIB's mission Supporting growing SRI awareness Investor diversification
3NIB Environmental Bonds WHY?
Energy efficiency
Reduction of energy use by min. 30%
Renewable energy
Wind, solar, tidal and wave, geothermal, biofules and -gas, hydro
Public Transport
Improved logistics for rail and waterways (mainly based on electricity and biofuel)
Waste management Waste water treatment Green Buildings
Commercial and Muli-family buildings certified LEED Platinum or BREEAM Excellent and 25% improvement in energy efficiency (EU green building requirements)
Transmission
Connect renewable energy to the grid
Process Overview SELECTION CRITERIA - TOPICS
Framework Second opinion All policies All issued NIB Environmental Bonds and financed projects CO2eq p.a. impact on portfolio basis
Transparent and open
* p.a. reduction calculated on the basis of the participation of NIB in per cent in a project
Reporting
Co2 reduction p.a.*
Pricing
72 4 6 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15
Asset Swap Price in basis points (bp.)
NIB USD1bn June-19 NIB USD500m Sep-21 Green Bond
Take away points
8 Transparent and open
Reporting Pricing