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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Norway will set up funds worth $14.8 bln to unlock lending

Posted on 09 February 2009

From Bloomberg: Norway will set up two funds with total capital of 100 billion kroner ($14.8 billion) to unlock bank lending and buy corporate bonds, seeking to rekindle growth in the economy of the world’s fifth-biggest oil exporter.

A finance fund of 50 billion kroner will boost core capital at banks and a bond fund of 50 billion kroner will buy corporate debt, the Finance Ministry said in a statement yesterday. The government also proposed capping executive pay at banks. …. Full Article: Source


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