03 Apr 2020 11:34

SEB supports projects to mitigate the effects of the COVID-19 pandemic

SEB’s traditional insurance has invested in a new bond that aims to alleviate the social and economic impact of the COVID-19 pandemic. The bond is issued by the Nordic Investment Bank, NIB, and has been arranged by SEB and Swedbank.

The bond issue of 4 billion SEK will be used to support projects in its member countries in the Nordic and Baltic regions that focus on mitigating the social and economic consequences of the pandemic and supporting the recovery process in those countries.

Projects that are eligible for financing with include measures to increase the capacity of healthcare services, government expenditures supporting companies in temporary need of subsidization, and medical equipment companies facing increased demand due to the pandemic.

The bond is the first to be issued in Swedish kronor as part of NIB:s new COVID-19 "Response Bond Framework".

The investment is made by the traditional insurance within SEB Pension & Försäkring. NIB:s bond has been arranged by SEB and Swedbank.

Read more about the bond