DNB ASA logo

DNB - DNB ASA News Story

NOK182.7 3.3  1.9%

Last Trade - 14/05/21

Large Cap
Market Cap £23.98bn
Enterprise Value £55.88bn
Revenue £5.01bn
Position in Universe 31st / 1832

BRIEF-DNB to book NOK 1.81 bln gain on basis swaps in Q1

Wed 8th April, 2015 4:30pm
April 8 (Reuters) - DNB Asa  DNB.OL  
    * In q1 of 2015, DNB Group will record a positive effect of 
basis swaps connected to funding of approximately nok 1,810 
    * In q1 of 2014, there was a negative effect of basis swaps 
of nok 596 million 
    * Basis swaps are derivative contracts entered into in 
connection with long-term funding in international capital 
markets where the relevant currency is converted to Norwegian 
kroner. These swaps are hedging instruments, and over the 
lifetime of the derivatives the mark-to-market adjustments will 
have zero effect 
Source text for Eikon:  ID:nObiVdz3Ha  
Further company coverage:  DNB.OL  
 (Reporting By Terje Solsvik) 
Keywords: DNB RESULTS/
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.