NIB launches 7-yr €500m green bond

The Nordic Investment Bank has launched a seven-year €500 million NIB Environmental Bond (NEB), due September 2026. 

The lender said a high-quality green order book of more than €750 million, with green investors representing the majority of the demand, enabled the transaction to price 2bps through the secondary curve.

BNP Paribas, Citi, Danske Bank were Joint Lead Managers. 

In terms of geographical breakdown, Benelux and French investors took the greatest share at 23% and 20% respectively, followed by Asian (17%) and UK investors (9%). By investor type, the largest share went to fund managers with 33%, private banks with 29%, central banks/official institutions with 20% and pension and insurance funds with 18%.