NB Kommunlån to merge with NB Hypotek

NB Kommunlån to merge with NB Hypotek Nordbanken's Board of Directors has decided to combine the operations of its subsidiaries NB Kommunlån AB and NB Hypotek AB. For this purpose the companies will be merged, and all long-term financing will be concentrated in NB Hypotek. The merger is part of steps being taken within the Group to coordinate subsidiaries engaging in a similar type of business. It is facilitated by the fact that Moody's Investors Service has assigned NB Hypotek the same long- term-debt rating as that held by NB Kommunlån, i.e. Aa3. This will make it possible to raise funding for loans to the municipal sector on attractive terms also in the future. The merger process will be completed during the autumn. Further information: Markku Pohjola, Executive Vice President, MeritaNordbanken, tel. +358 9 165 42245 Torgny Wistedt, NB Kommunlån, tel. +46 8 614 97 76 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/01/28/19990128BIT00290/bit0001.doc http://www.bit.se/bitonline/1999/01/28/19990128BIT00290/bit0002.pdf

Subscribe