Solid results and growth in long-term loans
In 2017, KBN granted 646 new loans totalling NOK 55 billion to finance Norwegian local government sector welfare services. The total lending portfolio grew 5.7%, which is slightly above the total debt growth in the sector. KBN has an important role in offering long-term financing and has seen growth in long-term loans in 2017, whereas KBN’s market share has remained stable.
New bond issueNews
On Tuesday 20 March 2018 KBN issued its second USD-denominated benchmark bond of the year. The bond raised USD 1.25 billion with a maturity of two years.
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More environmental impact for every NOK lentAbout KBN
2017 was a very good year for KBN, not only because of its solid results and the growth seen in long-term lending, but also because of the environmental impact of our green portfolio.
Strong demand for new bond issueNews
On Thursday 4 January, Kommunalbanken Norway ('KBN') issued a USD 1.5 billion benchmark bond with a 5-year maturity. The issue attracted great interest from investors around the world.