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.
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.
KBN APPOINTS GREEN COMMITTEENews
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 KBNPress release
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 Again…this time in New ZealandNews
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 2016News
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.
Our Green Bond ImpactGreen projects
KBN releases its first Environmental Impact Report. The 2016 report provides insight into the environmental benefits of the projects funded through KBN’s green bonds. The report accounts for more than USD 1 billion in green investments.
Strong results enabled good lending growthPress release
KBN’s net interest income totalled NOK 2,087 million in 2016, as compared to NOK 1,642 million in 2015. The increase reflects KBN’s good lending growth and continued strong margins in 2016. KBN’s loan portfolio grew by 4.8% in 2016.
Sigbjørn Birkeland – Chief Financial Markets Officer at KBNNews
Mr. Sigbjørn Birkeland (45) has accepted the position of Chief Financial Markets Officer at Kommunalbanken Norway as of 1 August. Birkeland is currently Finance Director at Storebrand and brings to KBN valuable experience and strong background especially in funding and investor relations.
KBN issues GBP 250 million Benchmark. This issuance is part of KBNs diversified funding strategy ensuring low cost financing of the Norwegian local government sector.
Successfull US Dollar benchmark transactionNews
18th January Kommunalbanken priced a new USD 1.5 billion 5-year RegS/144A benchmark.