Investor relations

NSB wants an open and predictable communication with the financial markets.

Here you will find the financial reports, presentations, rating opinions from Standard & Poor's and other key information.

Stock exchange announcements:

Credit ratings and analysis


Standard & Poor’s



Long-term rating

A -

Short-term rating





Rating Opinion 24. October 2018


Debt Financing

Finance Strategy

A Group Treasury function is established in the parent company NSB AS, and NSB AS is the issuer of bonds and commercial papers for the Group.

NSB aims to cover 120 percent of the next 12 months liquidity needs through cash and committed credit facilities.

Loan documentation

Norsk Tillitsmann/Nordic Trustee

Short term loans (commercial papers) for NSB AS are based on a common loan documentation managed by Norsk Tillitsmann/Nordic Trustee. Short-term loans (commercial papers) are not listed.  Download documentation

EMTN Programme

NSB's Euro Medium Term Note Programme is registered on the Luxembourg Stock Exchange. The programme will form the basis for NSB's future debt issuance, in both the international and Norwegian markets. See the file here.


    Hans K. Draagen. Foto: Knut Bry

    Hans K. Draagen

    Director of Finance
    Terje Andersen

    Terje Andersen

    Karin Bondesson

    Karin Bondensson

    Investment manager