A good result in a competitive market
KBN’s net interest income in the first quarter of 2021 was NOK 384 million as compared to NOK 443 million in the first quarter of 2020. KBN’s underlying operations were good. The decrease relates to very low interest rates and strong competition in the market for loans to the local government sector.
Successful inaugural SOFR-linked FRN
On Wednesday 21 April, KBN successfully priced our inaugural SOFR-linked Floating Rate Note; a USD 500 million note due to October 2023.
Successful return to the Green Bond market for KBN
On 14th April 2021, KBN successfully priced a new USD 500mn long 3-year Green Bond.
KBN launches updated Green Bond Framework
With its third Green Bond Framework, KBN keeps raising the bar for the Nordic finance sector’s funding of green investments.
Kjersti Ulset joins KBN from Nasdaq
Kjersti Ulset has been appointed as the new Chief Risk Officer for KBN, which she joins from Nasdaq Clearing Oslo where she was Head of Clearing Risk.