DNB Group Norway's largest financial services group and one of the largest in the Nordic region in terms of market capitalisation. The Group offers a full range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers.
DNB Boligkreditt AS is the issuer of covered bonds in the DNB Group. The issuer is a wholly owned subsidiary of DNB Bank ASA. The covered bonds issued have been rated AAA/Aaa by Standard and Poor’s and Moody’s.
DNB had previously issued their first green bond in February 2015 and at the time, they were the first bank in Scandinavia to do so. This time, they have Certified their bond with us.
This is the largest Certified Climate Bond from Scandinavia, so far, and the second one from Norway.
Proceeds will finance and refinance new and existing mortgages linked to homes which comply with the Norwegian building codes 2010 (TEK10) or 2017 (TEK17).
This corresponds to the top 7% performing homes in the Norway market, which exceeds our Criteria threshold of the top 15% top performing.
For more info about the green bonds market in the Nordics region, please see our report from early 2018.
|NAME OF BOND||
DATE OF ISSUE
|TYPE OF INSTRUMENT||
JURISDICTION OF ISSUE
CLIMATE BONDS SECTOR CRITERIA
|ANNUAL REPORT||FURTHER INFORMATION|
|DNB Boligkreditt AS Green Bond||June 2018||Covered Bond||EUR 1.5 billion (USD 1.77 billion)||7 years||Norway||Low Carbon Buildings (Residential)||
|Q4 2018 report on allocation of proceeds|
|DNB Boligkreditt AS Green Bond||January 2019||Covered Bond||
SEK 10 billion
(USD 1.11 billion)
|5 years||Norway||Low Carbon Buildings (Residential)||
uses same pre issuance report as first bond, because programmatic certification
uses same post issuance verification report as above
|Green Bond Presentation|
|DNB Boligkreditt AS Green Bond||January 2021||Covered Bond||EUR 1.5 billion (USD 1.67 billion)||10 years||Norway||Low Carbon Buildings (Residential)||uses same pre issuance report as first bond, because programmatic certification|