NORDIC INVESTMENT BANK

Nordic Investment Bank

05 NOVEMBER 2013

NORDIC INVESTMENT BANK

Basic information

05 NOVEMBER 2013

• Founded by the Nordic countries in 1975 (active

since 1976)

• The Baltic countries joined in 2005

• Headquarters in Helsinki

• Lending in both member countries and non-member

countries

• Funds acquired on the international capital markets

• AAA/Aaa credit rating

NIB Headquarters in Helsinki, Finland.In 2009, NIB Headquarters joined

the WWF Green Office network.

NORDIC INVESTMENT BANK

NIB - Providing long-term value

05 NOVEMBER 2013

• AAA/Aaa-rated supranational institution

• Strong support from member countries

• Solid financial performance

• Explicit environmental mandate

• High asset qualityHorns Rev II in the North Sea.

Photo: DONG A/S (Denmark)

NORDIC INVESTMENT BANK

Based in Northern Europe

NOV-13

4

Iceland 0.9%

Baa3/BBB-

Norway 21.5%

Aaa/AAA

Sweden 34.6%

Aaa/AAA

Denmark 21.1%

Aaa/AAA

Finland 17.7%

Aaa/AAA

Estonia 0.9%

A1/AA-

Latvia 1.3%

Baa3/BBB

Lithuania 2.0%

Baa1/BBB

NORDIC INVESTMENT BANK

Rajakiiri Wind Farm,

Finland

Eagder Energi Hydropower,

Norway

Latvenergo Hydropower,

Latvia

Svartsengi Geothermal

Power Plant, Iceland

WtE Plant, LithuaniaDONG A/S, Denmark

NIB in the member countries

NOV-13

5

Gabrielsberget Nord,

Sweden

Estlink, Estonia

NORDIC INVESTMENT BANK

Mission and mandate

05 NOVEMBER 2013

• NIB promotes sustainable growth of its member countries by providing long-term complementary financing to

−projects that strengthen competitiveness

−projects that enhance the environment

NORDIC INVESTMENT BANK

Loans outstanding

7

2009 2010 2011 2012 Apr 2013

Non-member countries 2.874 2.761 2.889 2.930 2.995

Member countries 10.901 11.019 11.264 12.241 12.356

Total 13.775 13.780 14.153 15.171 15.350

79% 83% 81% 80% 81%

21% 17% 19% 20% 19%

13,775 13,780

14,153

15,171

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

EUR m

Non-membercountries

Membercountries

Total

15,350

NORDIC INVESTMENT BANKNORDIC INVESTMENT BANK

Long-term lending instruments

• Corporate loans, 5–15 years

• Financing via financial intermediaries, 5–12 years

• Sovereign loans to states or against state guarantee, 15–30 years

• Project financing, 5–15 years

• Max 50% of the total costs

NORDIC INVESTMENT BANK

NIB loan cases

05 NOVEMBER 2013

• Anholt Offshore Windmill Farm in the North Sea,

Denmark- EUR 240 million to DONG Energy A/S

- Corporate risk

• Gabrielsberget Nord Vind AB, Sweden- 16.5-year-maturity loan totalling EUR 33 million

- Guaranteed by KfW and SEB

• Tractebel Energia S.A., Brazil- 12-year-maturity loan totalling USD 70 million

- Project Finance