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2 Apr 2020 – Articles

Danske Bank helps NIB support European economies during the corona crisis

Danske Bank acted Joint Bookrunner when the Nordic Investment Bank (NIB) issued a EUR 1 billion Response Bond, financing projects that aim to alleviate the social and economic impacts of the pandemic in NIB’s member countries, and eventually support their recovery process.




For example, the NIB Response Bond will be used to finance increased capacity in healthcare services, the increased demand for equipment or services in the healthcare sector, small and medium-sized enterprises to maintain working possibilities or to support infrastructure projects due to supply or demand side disruptions in their operations.
 

The investor community shows a fantastic support to these bond products, enabling capital to ease the consequences of COVID-19 and later on get our communities back on track.

Lars Mac Key

Head of DCM Sustainable Bonds, Danske Bank



“Due to the corona crisis, large capital flows need to be directed towards various efforts to save lives and to save businesses and labour opportunities. Several organizations such as the IFC, the African Development Bank and now NIB have either used existing products like social bonds or developed new products such as NIB's Response Bond to support through and further on in the aftermath of this crisis.

The investor community shows a fantastic support to these bond products, enabling capital to ease the consequences of COVID-19 and later on get our communities back on track,” says Lars Mac Key, Head of DCM Sustainable Bonds at Danske Bank.

Projects financed are subject to customary credit checks by the Nordic Investment Bank.

About NIB

The Nordic Investment Bank (NIB) is an international financial institution owned by the eight Member States:

  • Denmark
  • Estonia
  • Finland
  • Iceland
  • Latvia
  • Lithuania
  • Norway
  • Sweden


The Bank finances private and public projects in and outside the Member States.