NIB invests in MREL-eligible bond purchase in Denmark

The Nordic Investment Bank (NIB) is investing SEK 250 million in a bond issued by the Danish Ringkjøbing Landbobank A/S, which is added to a SEK 700 million bond issuance, bringing the total to SEK 950 million. The bond will be listed on Euronext Dublin.This is NIB Lending’s first purchase of a bond eligible under the Minimum Requirement for own funds and Eligible Liabilities (MREL) issued by a financial institution. Under the regulations of the EU Banking Union, participating banks must meet regulatory targets to be able to absorb losses and restore their capital position, allowing them