NIB launches €500m environmental bond

The Nordic Investment Bank (NIB) has launched a 7.5 year, €500 million NIB Environmental Bond. Proceeds from the transaction will be allocated to a separate portfolio for onward disbursement of loans to new environmental projects.

An order book of more than €850 million saw the deal price 2 basis points tighter than from the initial guidance. Benelux and Nordic investors were allocated over 65% of the transaction, followed by Asia (17%) and France (8.5%).