NIB places credit line with SpareBank 1 SMN for hydropower projects in Norway
NIB places credit line with SpareBank 1 SMN for hydropower projects in Norway
The Nordic Investment Bank (NIB) has signed a loan agreement totalling NOK 1
billion (EUR 133 million) with SpareBank 1 SMN for onledning to small and
medium-sized hydropower enterprises in Norway.
The 15-year-maturity loan programme is earmarked to finance Sparebank 1 SMN's
hydropower projects, most of them between 1 megawatt and 5 megawatts. The loan
programme will cover new hydropower projects and upgrading of existing plants
during 2012-2013.
For further information, please contact:
Kjell Fordal, Chief Financial Officer, tel. +47 90541672, kjell.fordal@smn.no
Vegard Helland, Executive Director, tel. +47 90087286, vegard.helland@smn.no
Sari Cabell, Senior Manager, Origination NIB, tel. +358 10 618 0519,
sari.cabell@nib.int
Arild Moen, Senior Communications Specialist NIB, tel. +358Â 10Â 618 0496,
arild.moen@nib.int
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SpareBank 1 SMN via Thomson Reuters ONE
[HUG#1630402]
