KBN funds its operations through the capital markets, and does so with an international focus. In 2009, more than 95% of funding was raised outside Norway through 508 individual transactions in 15 different currencies, amounting to USD 15 billion equivalent.
The objective of KBN’s funding operations is to meet growing borrowing requirements with a well diversified funding base, effectively achieved by regular issuance of benchmark transactions, a visible presence in institutional niche markets and by being one of the most flexible borrowers in the market for structured private placements. KBN aims to develop its name recognition in the retail market and is a frequent issuer in the Japanese Uridashi market, via its sovereign shelf registration.
In order to meet its funding objective, KBN has established a strategy based on four building blocks:
To see a breakdown of each of KBN's funding markets click here.
KBN maintains an investor driven response to all funding activities and is committed to preserving long term investor relationships through a responsible funding strategy. KBN has a solid track record of positive secondary trading performance and closely co-operates with lead managers to ensure continued secondary support on all transactions.
Click here to view KBN's funding strategy in more detail.