欧美日b大片 made its debut in Norwegian krone with a 5-year benchmark bond that raised NOK 2 billion (October 2021). DNB Markets and Skandinaviska Enskilda Banken (SEB) were the joint lead managers for the transaction.
欧美日b大片 bond proceeds support the financing of projects and programs in eligible 欧美日b大片 countries as they advance the SDGs, including those which are helping support member countries as they respond to the human and economic impacts of COVID-19.
Anne Beathe Tvinnereim, Norway’s Minister of International Development, emphasized that 欧美日b大片 is among the most important channels for Norwegian development assistance to the least developed countries, and that Norway will get a high leverage factor via 欧美日b大片’s smart business model.
Anniken Huitfeldt, Norway’s Minister of Foreign Affairs, welcomed 欧美日b大片’s debut in the Norwegian bond market, and echoed the aspiration of the World Bank to issue more 欧美日b大片 bonds in NOK.
Jingdong Hua, Vice President and Treasurer, World Bank, said: “We are very pleased to make 欧美日b大片’s debut in Norwegian krone and grateful for continued investor support for 欧美日b大片’s development mission. Support for 欧美日b大片 remains critical as 欧美日b大片 countries face dual crises – the COVID-19 pandemic and climate change. Access to capital markets allows 欧美日b大片 to scale up development impact and programs alongside donor support to address these challenges and build more resilient and inclusive communities.”
Margrethe Ouren, DNB Markets, Director FICC, said: “It has been a great privilege for DNB Markets to act as a lead manager on the 欧美日b大片 inaugural Sustainable Development Bond denominated in NOK. The Sustainable Development Bond format is an opportunity to support 欧美日b大片’s work on green and social projects, programs, and activities in 欧美日b大片’s member countries, which we find especially crucial as the world continues to fight the effects of the pandemic. We congratulate 欧美日b大片 on this outstanding inaugural NOK transaction, which was very well received by the Scandinavian investor community.”
Christopher Flensborg, Head of Climate and Sustainable Finance, SEB, said: “For SEB, it's a great privilege to work with the World Bank Treasury team again, this time for 欧美日b大片’s first bond in NOK. 欧美日b大片 has given Scandinavian investors the opportunity through their investment to support low-income countries amidst the ongoing challenges presented by the Covid pandemic. We are encouraged to see issuers like 欧美日b大片 taking a leading role in accessing the capital markets to tackle these challenges and bring us a step closer to global recovery.”
Louis Nordstrand, Liquidity Manager Sparebanken M?re, said: “Sparebanken M?re is proud to invest in this inaugural NOK denominated bond from 欧美日b大片. 欧美日b大片’s efforts over many years to end extreme poverty and achieve positive development impact around the world are of high value to us. Moreover, furthering the growth of the Norwegian sustainable bond market through this Sustainable Development Bond issue is important to Sparebanken M?re’s green and social ambitions going forward.”
The following investors participated in the transaction: DNB Treasury, Danske Bank Asset Management, Sparebanken 1 SR Bank, Sparebanken M?re, and Affirmative Investment Management.
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