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DNB - DNB ASA News Story

NOK182.7 3.3  1.9%

Last Trade - 14/05/21

Sector
Financials
Size
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 
million 
    * 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) 
 ((terje.solsvik@thomsonreuters.com;)) 
 
Keywords: DNB RESULTS/
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