NIB finances Western Corridor project in Norway

The FINANCIAL — NIB and the Norwegian system operator Statnett have signed a 15-year loan of NOK 1.2 billion. The loan contributes to finance the upgrade of the main electricity grid in South-West Norway. The Western Corridor is a common name for…

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NIB finances electrified rail transport in Denmark

The FINANCIAL — NIB and the Danish state railway company DSB have signed a loan agreement of EUR 400 million to finance the acquisition of electric rolling stock during 2020–2025. The 15-year loan will finance 42 new, electric locomotives as well as more…

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Telia first to launch 5G FWA in Norway

The FINANCIAL — Telia Norway is challenging the Norwegian broadband market again and is the first telecom player in the country to offer FWA with 5G. New and existing customers will now have access to very high and stable internet speeds delivered…

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Equinor announced partnership with Microsoft

The FINANCIAL — Equinor has signed a Memorandum of Understanding (MoU) with Microsoft to explore ways to support the Northern Lights carbon capture and storage (CCS) project as a technology partner. Microsoft will explore using the project to enable the transportation and…

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World Bank Issues Sustainable Development Bonds in Scandinavian Currencies

The FINANCIAL — The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced new Norwegian krone- and Swedish krona-denominated Sustainable Development Bonds raising approximately US$ equivalent 550 million while engaging with Scandinavian investors to raise awareness for the importance of…

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The tech company Play Magnus today been admitted trading

The FINANCIAL — Play Magnus recently raised NOK 452 million through a private placement, consisting of NOK 300 million in new shares and approximately NOK 152 million to existing shareholders. The issue was significantly oversubscribed.   “The shareholders have provided the company with NOK 300 million in fresh equity, which will…

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UNSC Members support sovereignty and territorial integrity of Georgia

The FINANCIAL — On 5 August 2020, the UN Security Council discussed the situation in Georgia’s occupied territories and the Russia-Georgia conflict at its closed session dedicated to the 12th anniversary of Russia’s military aggression against Georgia. The parties expressed their extreme concern about…

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