Strong underlying operations
KBN’s net interest income in the second quarter was NOK 538 million as compared to NOK 467 million in the same period in 2016. KBN’s profit for the second quarter was NOK 90 million, and was affected by unrealised losses on financial instruments
KBN reduces its margin on longterm loans
KBN reduces its margin on loans with floating Nibor-indexed interest rate by 0.1 percentage point with effect from 1 August.
KBN eur 1 Billion 10-year benchmark
16 May KBN priced their third EUR benchmark. Indications of Interest were in excess of 1 billion. Orderbook momentum continued with over EUR 1.3 billion of orders from a range of high quality accounts. KBN finances its lending to the local government sector by borrowing in the capital markets.
Committed to green bonds development
KBN's Sigbjørn Birkeland has been elected executive committee member of Green Bond Principles (GBP), the leading international green bonds standard.
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.