NIB launches its first environmental support bond

On 2 February, NIB issued its first environmental support bond targeting the Japanese retail market.

The bond, due 1 February 2013, is being offered in two tranches: a 3-year fixed-rate ZAR 234 million (EUR 23 million), paying a coupon of 7.430%, and a 3-year fixed-rate NZD 249 million (EUR 125 million) with a coupon of 4.490%. The lead manager of the issue is Nomura Securities Co. Ltd.

NIB will use its best endeavours to apply the net proceeds of the issue in financing NIB’s Climate Change, Energy Efficiency and Renewable Energy, CLEERE, lending facility.

This is the largest environmental support bond for the Japanese retail market executed to date. Over 10,000 Japanese retail customers participated in the transaction.

“We are very pleased to see the commitment of Japanese investors to support actions that combat and mitigate climate change, which is a priority for the Bank’s member countries,” says Lars Eibeholm, Vice President and Head of Treasury at NIB.

“Promoting sustainable growth is in NIB’s mission. Therefore, NIB prioritises and actively seeks projects with direct or indirect environmental benefits,” says Mr Eibeholm.

For more information, please contact:

Mr Jens Hellerup, Head of Funding, +358 9 6181 1401, jens.hellerup@nib.int

See also a joint press release by Nomura and NIB (PDF 65 KB)