Oversubscribed Dollar benchmark
Tuesday 13th June 2017, KBN issued a USD 1 billion 3-year Benchmark bond. This was KBNs first 3-year Benchmark in American Dollars since 2013.
KBN appoints green committee
Capital is an important commodity in the green shift, but so too is knowledge. KBN has brought together important figures from climate research, the local government sector, environmental organisations and national agencies to investigate what constitute the most cost-effective environmental measures.
Solid first quarter performance for KBN
KBN’s net interest income in the first quarter was NOK 561 million compared to NOK 502 million in the same period of 2016. The increase is due to strong underlying operations and high demand for loans throughout the quarter.
KBN goes green - on New Zealand
A Kauri bond is a bond denominated in New Zealand Dollars that is issued by a foreign issuer (such as KBN). The first Kauri issue was completed by the International Bank for Reconstruction and Development (World Bank) and KBN completed its first Kauri bond in 2007.
The Norwegian economy in 2016
2016 saw low growth in the Norwegian economy as a result of the downturn in oil prices and the moderate level of international demand growth. There continues to be a marked divide in the Norwegian economy. Oil-dominated Southern and Western Norway are facing challenges, while growth in more diversified regions such as Oslo, Trøndelag and Northern Norway is stable.