Nordic Investment Bank 18K Annual report (foreign governments) | SEC 2 Nov 06

EXHIBIT I

NORDIC INVESTMENT BANK

Summary Schedule of Funded Debt

Outstanding at December 31, 2005

				Initial amount		Amount outstanding at December 31, 2005
Currency	Issues	Interest %	Maturities	In currency of borrowing	In equivalent of USD	in equivalent of USD *
				(in thousands)	(in thousands)	(in thousands)

U.S. dollars	57	0.000 - 12.700	2006-2036	7,767,858	7,767,858	7,747,099
Japanese yen	104	0.000 - 13.47631	2006-2035	204,117,600	1,733,604	1,725,110	*
Pound Sterling	7	3.23276 - 5.750	2007-2032	1,013,350	1,744,418	2,123,372	*
EUR	26	0.500 - 12.91188	2006-2025	1,155,183	1,362,769	1,114,251	*
Swedish kronor	7	0.000 - 7.000	2006-2008	5,050,000	634,551	684,813
Norwegian kroner	4	6.000 - 7.100	2006-2007	1,800,000	265,931	265,931
Danish kroner	1	5.500	2008	750,000	118,595	118,595
Australian dollars	11	0.5000 - 5.740	2006-2009	1,576,000	1,154,142	1,049,273
Canadian dollars	2	3.950 - 4.5000	2010-2014	160,000	137,524	137,524
Swiss francs	1	6.125	Perp.	200,000	151,720	15,009
Hong Kong dollar	17	0.000 - 10.500	2006-2017	4,132,657	532,971	538,979
South African rand	6	0.000 - 13.5000	2006-2027	510,000	80,604	92,933
Taiwan dollars	11	0.000 - 3.650	2006-2010	18,500,000	563,372	542,055	*
Polish zloty	1	5.500	2022	100,000	30,562	30,562
Singapore dollars	1	4.750	2009	150,000	90,154	90,154
Slovakian koruna	3	4.170 - 8.400	2007-2009	4,750,000	147,930	147,930
Icelandic Kronur	1	4.750	2017	3,000,000	47,460	42,225
New Zealand dollars	2	4.450 - 6.000	2006-2008	173,000	118,175	95,346
Latvian lats	1	4.250	2007	5,000	8,472	8,472
New Turkish lira	5	10.000-13.500	2007-2009	230,000	170,391	151,870
TOTAL**						16,721,503

* Includes a floating rate issue.

** Figures included in this table exclude certain items included in the balance sheet amounts and related disclosures under Exhibit IV such as premiums, discounts and certain hedging effects.

NORDIC INVESTMENT BANK

Schedule of Annual Amortization of Funded Debt

Outstanding at December 31, 2005 (in millions of EUR)

Currency	2006	2007	2008	2009	2010	After 2010	Total
U.S. dollars	959.4	84.8	1,429.0	1,559.7	847.7	1,686.4	6,567.0
Japanese yen	57.6	325.5		7.2		1,072.0	1,462.3
Pound Sterling		30.6	413.9	73.0		1,282.4	1,799.9
EUR	132.3	106.7	126.5	59.9	80.0	439.1	944.5
Swedish kronor	362.1	159.8	58.6				580.5
Norwegian kroner	112.7	112.7					225.4
Danish kroner			100.5				100.5
Swiss francs						12.7	12.7
Australian dollars	57.0	478.0	293.6	60.8			889.4
Canadian dollars					43.7	72.9	116.6
Hong Kong dollar	14.2	136.7	41.1		76.5	188.4	456.9
New Taiwan dollars	121.3	25.8	139.4		173.0		459.5
South African rand	13.4	10.7			45.8	8.9	78.8
Polish zloty						25.9	25.9
Singapore dollars				76.4			76.4
Slovakian koruna		26.4		99.0			125.4
Icelandic kronur	2.9	2.9	2.9	2.9	2.9	21.3	35.8
New Zealand dollars	22.9		57.9				80.8
Latvian lats		7.2					7.2
New Turkish lira		31.4		97.3			128.7
Total*	1,855.8	1,539.2	2,663.4	2,036.2	1,269.6	4,810.0	14,174.2

* Figures included in this table exclude certain items included in the balance sheet amounts and related disclosures under Exhibit IV such as premiums, discounts and certain hedging effects.

NORDIC INVESTMENT BANK

Schedule of Funded Debt, December 31, 2005 (in thousands)

			Initial amount		Amount outstanding at December 31, 2005
Currency	Interest %	Issue Date/ Maturity	In currency of borrowing	In equivalent of USD	In currency of borrowing	In equivalent of USD *

U.S. dollars	5.8750	1998-2008	500,000	500,000	500,000	500,000
U.S. dollars	5.8750	1999-2008	150,000	150,000	100,647	100,647
U.S. dollars	5.4000	1999-2009	100,000	100,000	100,000	100,000
U.S. dollars	5.7000	2001-2007	100,000	100,000	100,000	100,000
U.S. dollars	5.4600	2001-2008	56,000	56,000	30,500	30,500
U.S. dollars	6.2300	2002-2022	20,000	20,000	20,000	20,000
U.S. dollars	6.2100	2002-2022	20,000	20,000	20,000	20,000
U.S. dollars	6.1850	2002-2022	20,000	20,000	20,000	20,000
U.S. dollars	6.2500	2002-2022	20,000	20,000	20,000	20,000
U.S. dollars	0.0000	2002-2022	19,798	19,798	24,078	24,078	**
U.S. dollars	4.5500	2002-2006	103,000	103,000	103,000	103,000
U.S. dollars	3.6500	2002-2006	50,000	50,000	30,000	30,000
U.S. dollars	6.6800	2002-2032	25,007	25,007	30,360	30,360	**
U.S. dollars	0.5000	2002-2012	142,000	142,000	142,000	142,000
U.S. dollars	6.6000	2002-2032	12,303	12,303	14,903	14,903	**
U.S. dollars	2.7500	2002-2006	1,000,000	1,000,000	1,000,000	1,000,000
U.S. dollars	0.5000	2002-2012	196,000	196,000	196,000	196,000
U.S. dollars	3.7700	2002-2009	100,000	100,000	100,000	100,000
U.S. dollars	0.5000	2003-2013	48,000	48,000	48,000	48,000
U.S. dollars	0.0000	2003-2033	20,000	20,000	22,791	22,791	**
U.S. dollars	0.5000	2003-2013	62,000	62,000	62,000	62,000	**
U.S. dollars	0.0000	2003-2033	20,000	20,000	22,599	22,599	**
U.S. dollars	0.0000	2003-2033	25,000	25,000	28,117	28,117	**
U.S. dollars	3.1250	2003-2008	1,000,000	1,000,000	1,000,000	1,000,000
U.S. dollars	0.0000	2003-2024	28,386	28,386	32,003	32,003	**
U.S. dollars	0.0000	2003-2028	24,426	24,426	27,342	27,342	**
U.S. dollars	0.0000	2003-2033	20,000	20,000	22,464	22,464	**
U.S. dollars	0.0000	2003-2033	11,400	11,400	12,809	12,809	**
U.S. dollars	0.0000	2003-2033	19,238	19,238	21,543	21,543	**
U.S. dollars	0.0000	2003-2030	21,766	21,766	24,369	24,369	**
U.S. dollars	0.0000	2003-2033	20,000	20,000	22,578	22,578	**
U.S. dollars	0.0000	2003-2033	20,000	20,000	22,573	22,573	**
U.S. dollars	0.0000	2003-2025	20,175	20,175	22,733	22,733	**
U.S. dollars	0.0000	2003-2033	30,000	30,000	34,078	34,078	**
U.S. dollars	0.0000	2003-2033	100,000	100,000	114,385	114,385	**
U.S. dollars	0.0000	2003-2033	50,000	50,000	57,317	57,317	**
U.S. dollars	0.5000	2003-2014	150,000	150,000	135,000	135,000
U.S. dollars	4.0000	2003-2009	40,000	40,000	40,000	40,000
U.S. dollars	0.0000	2003-2033	25,000	25,000	28,553	28,553	**

			Initial amount		Amount outstanding at December 31, 2005
Currency	Interest %	Issue Date/ Maturity	In currency of borrowing	In equivalent of USD	In currency of borrowing	In equivalent of USD *

U.S. dollars	3.8800	2003-2009	100,000	100,000	100,000	100,000
U.S. dollars	0.0000	2003-2033	100,000	100,000	114,319	114,319	**
U.S. dollars	2.8750	2004-2009	1,000,000	1,000,000	1,000,000	1,000,000
U.S. dollars	3.8800	2004-2011	100,000	100,000	100,000	100,000
U.S. dollars	4.0400	2004-2012	100,000	100,000	100,000	100,000
U.S. dollars	3.2600	2004-2008	20,000	20,000	20,000	20,000
U.S. dollars	4.4300	2004-2014	100,000	100,000	100,000	100,000	��
U.S. dollars	4.2100	2004-2012	100,000	100,000	100,000	100,000
U.S. dollars	6.1500	2004-2024	27,280	27,280	28,958	28,958	**
U.S. dollars	3.2600	2004-2014	100,000	100,000	100,000	100,000
U.S. dollars	6.1700	2005-2025	30,197	30,197	30,197	30,197	**)
U.S. dollars	3.8750	2005-2010	1,000,000	1,000,000	1,000,000	1,000,000
U.S. dollars	12.7000	2005-2015	25,000	25,000	25,000	25,000
U.S. dollars	6.0000	2005-2025	31,180	31,180	31,180	31,180	**)
U.S. dollars	8.5000	2005-2036	10,000	10,000	10,000	10,000
U.S. dollars	0.0000	2005-2008	24,673	24,673	24,673	24,673	**)
U.S. dollars	4.2500	2005-2009	500,000	500,000	500,000	500,000
U.S. dollars	0.0000	2005-2008	10,029	10,029	10,029	10,029	**)

			Initial amount		Amount outstanding at December 31, 2005
Currency	Interest %	Issue Date/ Maturity	In currency of borrowing	In equivalent of USD	In currency of borrowing	In equivalent of USD *

Japanese yen	3.0450	1995-2007	5,000,000	42,466	5,000,000	42,466
Japanese yen	0.0000	1995-2010	2,000,000	16,986	2,000,000	16,986
Japanese yen	3.1600	1996-2006	5,000,000	42,466	5,000,000	42,466
Japanese yen	Fixed	1996-2006	3,000,000	25,479	3,000,000	25,479
Japanese yen	3.0200	1997-2007	9,588,000	81,432	9,588,000	81,432
Japanese yen	Floating	1997-2007	2,000,000	16,986	2,000,000	16,986
Japanese yen	3.2000	1997-2007	9,270,000	78,732	9,270,000	78,732
Japanese yen	3.0800	1997-2007	9,450,000	80,260	9,450,000	80,260
Japanese yen	3.1000	1997-2007	9,909,600	84,164	9,909,600	84,164
Japanese yen	5.2400	1997-2022	5,000,000	42,466	5,000,000	42,466
Japanese yen	Floating	1998-2013	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	1998-2018	2,000,000	16,986	2,000,000	16,986
Japanese yen	Floating	1998-2028	4,000,000	33,973	4,000,000	33,973
Japanese yen	Floating	1999-2014	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	1999-2019	500,000	4,247	500,000	4,247
Japanese yen	Floating	1999-2017	4,000,000	33,973	4,000,000	33,973
Japanese yen	Floating	1999-2009	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	1999-2019	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	1999-2019	500,000	4,247	500,000	4,247
Japanese yen	Floating	1999-2014	500,000	4,247	500,000	4,247
Japanese yen	2.0000	1999-2011	3,000,000	25,479	3,000,000	25,479
Japanese yen	Floating	1999-2019	500,000	4,247	500,000	4,247
Japanese yen	Floating	1999-2019	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	1999-2014	1,100,000	9,342	1,100,000	9,342
Japanese yen	Floating	1999-2019	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	1999-2009	500,000	4,247	500,000	4,247
Japanese yen	Floating	1999-2019	1,100,000	9,342	1,100,000	9,342
Japanese yen	2.6750	1999-2011	8,000,000	67,945	8,000,000	67,945
Japanese yen	3.3200	2000-2020	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2001-2026	2,000,000	16,986	2,000,000	16,986
Japanese yen	Floating	2001-2026	3,000,000	25,479	3,000,000	25,479
Japanese yen	Floating	2001-2026	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2001-2031	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2001-2016	3,000,000	25,479	3,000,000	25,479
Japanese yen	Floating	2001-2031	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2001-2026	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2002-2031	2,700,000	22,932	2,700,000	22,932
Japanese yen	Floating	2002-2027	1,300,000	11,041	1,300,000	11,041
Japanese yen	Floating	2002-2032	5,500,000	46,712	5,500,000	46,712
Japanese yen	Floating	2002-2032	2,900,000	24,630	2,900,000	24,630
Japanese yen	Floating	2002-2027	1,200,000	10,192	1,200,000	10,192
Japanese yen	Floating	2002-2032	1,200,000	10,192	1,200,000	10,192
Japanese yen	Floating	2002-2032	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2002-2032	1,400,000	11,890	1,400,000	11,890
Japanese yen	Floating	2002-2032	2,200,000	18,685	2,200,000	18,685

			Initial amount		Amount outstanding at December 31, 2005
Currency	Interest %	Issue Date/ Maturity	In currency of borrowing	In equivalent of USD	In currency of borrowing	In equivalent of USD *

Japanese yen	Floating	2002-2032	1,700,000	14,438	1,700,000	14,438
Japanese yen	Floating	2002-2032	1,400,000	11,890	1,400,000	11,890
Japanese yen	Floating	2002-2032	2,000,000	16,986	2,000,000	16,986
Japanese yen	Floating	2002-2032	1,200,000	10,192	1,200,000	10,192
Japanese yen	Floating	2002-2032	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2002-2032	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2002-2032	1,100,000	9,342	1,100,000	9,342
Japanese yen	Floating	2002-2032	1,300,000	11,041	1,300,000	11,041
Japanese yen	Floating	2002-2032	1,100,000	9,342	1,100,000	9,342
Japanese yen	Floating	2002-2022	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2002-2032	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2002-2032	1,200,000	10,192	1,200,000	10,192
Japanese yen	Floating	2002-2032	2,200,000	18,685	2,200,000	18,685
Japanese yen	Floating	2002-2032	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2002-2032	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2002-2032	1,100,000	9,342	1,100,000	9,342
Japanese yen	Floating	2002-2032	2,000,000	16,986	2,000,000	16,986
Japanese yen	Floating	2002-2032	2,000,000	16,986	2,000,000	16,986
Japanese yen	Floating	2002-2032	3,000,000	25,479	3,000,000	25,479
Japanese yen	Floating	2002-2032	1,400,000	11,890	1,400,000	11,890
Japanese yen	Floating	2002-2032	1,000,000	8,493	1,000,000	8,493
Japanese yen	3.4800	2002-2014	5,000,000	42,466	5,000,000	42,466
Japanese yen	Floating	2002-2017	1,100,000	9,342	100,000	849
Japanese yen	Floating	2002-2032	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2002-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2002-2032	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	3,000,000	25,479	3,000,000	25,479
Japanese yen	Floating	2003-2023	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2018	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	2,200,000	18,685	2,200,000	18,685
Japanese yen	Floating	2003-2033	2,000,000	16,986	2,000,000	16,986
Japanese yen	Floating	2003-2033	1,200,000	10,192	1,200,000	10,192
Japanese yen	Floating	2003-2033	1,300,000	11,041	1,300,000	11,041
Japanese yen	Floating	2003-2033	2,000,000	16,986	2,000,000	16,986

			Initial amount		Amount outstanding at December 31, 2005
Currency	Interest %	Issue Date/ Maturity	In currency of borrowing	In equivalent of USD	In currency of borrowing	In equivalent of USD *

Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2028	1,100,000	9,342	1,100,000	9,342
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,300,000	11,041	1,300,000	11,041
Japanese yen	Floating	2003-2023	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2003-2033	1,700,000	14,438	1,700,000	14,438
Japanese yen	Floating	2003-2033	1,300,000	11,041	1,300,000	11,041
Japanese yen	Floating	2003-2033	1,000,000	8,493	1,000,000	8,493
Japanese yen	Floating	2004-2034	1,500,000	12,740	1,500,000	12,740
Japanese yen	Floating	2005-2035	1,400,000	11,890	1,400,000	11,890

			Initial amount		Amount outstanding at December 31, 2005
Currency	Interest %	Issue Date/ Maturity	In currency of borrowing	In equivalent of USD	In currency of borrowing	In equivalent of USD *

EUR	4.1250	1999-2011	250,000	294,925	250,000	294,925
EUR	Floating	1999-2009	10,000	11,797	4,000	4,719
EUR	9.6700	1996-2021	60,101	70,901	60,101	70,901
EUR	10.1200	1996-2006	60,101	70,901	31,205	36,813
EUR	7.7000	1996-2006	84,142	99,262	84,142	99,262
EUR	7.1000	1998-2009	77,469	91,390	55,873	65,913
EUR	Floating	1997-2007	12,470	14,711	3,177	3,748
EUR	Floating	1997-2007	12,470	14,711	5,671	6,690
EUR	Floating	1997-2007	12,470	14,711	4,798	5,660
EUR	Floating	1997-2007	12,470	14,711	4,798	5,660
EUR	Floating	1997-2007	48,021	56,650	2,287	2,698
EUR	Floating	1998-2008	91,469	107,906	91,469	107,906
EUR	4.2000	2002-2007	100,000	117,970	76,000	89,657
EUR	4.2900	2002-2006	5,000	5,899	5,000	5,899
EUR	3.9500	2002-2006	50,000	58,985	12,000	14,156
EUR	3.3900	2002-2007	10,000	11,797	10,000	11,797
EUR	0.5000	2003-2013	14,000	16,516	14,000	16,516
EUR	Floating	2003-2008	50,000	58,985	35,000	41,290
EUR	5.0000	2004-2009	10,000	11,797	10,000	11,797
EUR	5.0000	2004-2009	10,000	11,797	10,000	11,797
EUR	4.1490	2005-2015	30,000	35,391	30,000	35,391
EUR	Floating	2005-2010	30,000	35,391	30,000	35,391
EUR	Floating	2005-2010	30,000	35,391	30,000	35,391
EUR	Floating	2005-2010	20,000	23,594	20,000	23,594
EUR	7.0000	2005-2025	50,000	58,985	50,000	58,985
EUR	4.2000	2005-2015	15,000	17,696	15,000	17,696

Pounds sterling	5.7500	1998-2008	200,000	344,287	283,613	488,222
Pounds sterling	5.2500	1999-2019	150,000	258,216	210,000	361,502
Pounds sterling	5.7500	1999-2014	100,000	172,144	127,500	219,483
Pounds sterling	Floating	2000-2024	100,000	172,144	120,000	206,572
Pounds sterling	Floating	2000-2020	80,000	137,715	100,000	172,144
Pounds sterling	5.2000	2001-2032	150,000	258,216	67,410	116,042
Pounds sterling	Floating	2001-2016	162,350	279,475	253,965	437,185	**
Pounds sterling	3.4000	2003-2007	21,000	36,150	21,000	36,150
Pounds sterling	4.8000	2004-2009	50,000	86,072	50,000	86,072

			Initial amount		Amount outstanding at December 31, 2005
Currency	Interest %	Issue Date/ Maturity	In currency of borrowing	In equivalent of USD	In currency of borrowing	In equivalent of USD *

Swedish kronor	7.0000	1990-2007	400,000	50,261	400,000	50,261
Swedish kronor	5.2000	1998-2008	500,000	62,827	500,000	62,827
Swedish kronor	5.1500	1998-2007	500,000	62,827	500,000	62,827
Swedish kronor	4.7500	1998-2007	500,000	62,827	500,000	62,827
Swedish kronor	4.9000	1998-2007	100,000	12,565	100,000	12,565
Swedish kronor	5.2500	2001-2006	3,000,000	376,961	3,400,000	427,223
Swedish kronor	0.0000	2003-2008	50,000	6,283	50,000	6,283

Norwegian kroner	7.1000	1996-2006	500,000	73,870	500,000	73,870
Norwegian kroner	6.0000	2001-2006	400,000	59,096	400,000	59,096
Norwegian kroner	6.2500	2002-2007	400,000	59,096	400,000	59,096
Norwegian kroner	6.1250	2003-2007	500,000	73,870	500,000	73,870

Danish kroner	5.5000	1998-2008	750,000	118,595	750,000	118,595

Australian dollars	5.7400	2002-2006	134,000	98,131	91,800	67,227
Australian dollars	0.5000	2002-2009	20,000	14,646	20,000	14,646
Australian dollars	4.9600	2002-2007	45,000	32,955	45,000	32,955
Australian dollars	4.1820	2003-2007	20,000	14,646	20,000	14,646
Australian dollars	4.6800	2003-2008	512,000	374,950	421,000	308,308
Australian dollars	4.3200	2003-2008	52,000	38,081	52,000	38,081
Australian dollars	4.5300	2003-2009	58,000	42,475	58,000	42,475
Australian dollars	5.3500	2004-2007	220,000	161,111	220,000	161,111
Australian dollars	5.1400	2004-2007	120,000	87,879	110,000	80,556
Australian dollars	5.0900	2005-2007	375,000	274,621	375,000	274,621
Australian dollars	5.1300	2005-2009	20,000	14,646	20,000	14,646

Canadian dollars	3.9500	2003-2010	60,000	51,572	60,000	51,572
Canadian dollars	4.5000	2004-2014	100,000	85,953	100,000	85,953

Swiss francs	6.1250	1986-	200,000	151,720	19,785	15,009

			Initial amount		Amount outstanding at December 31, 2005
Currency	Interest %	Issue Date/ Maturity	In currency of borrowing	In equivalent of USD	In currency of borrowing	In equivalent of USD *

Hong Kong dollar	10.5000	1998-2008	50,000	6,448	50,000	6,448
Hong Kong dollar	0.0000	1998-2008	38,587	4,976	76,194	9,826	**
Hong Kong dollar	7.7800	2000-2007	150,000	19,345	150,000	19,345
Hong Kong dollar	7.7500	2000-2007	100,000	12,897	100,000	12,897
Hong Kong dollar	6.1200	2001-2008	150,000	19,345	150,000	19,345
Hong Kong dollar	5.7000	2001-2006	130,000	16,766	130,000	16,766
Hong Kong dollar	6.0300	2001-2008	100,000	12,897	100,000	12,897
Hong Kong dollar	5.2500	2002-2007	1,000,000	128,966	1,000,000	128,966
Hong Kong dollar	5.0000	2002-2012	300,000	38,690	300,000	38,690
Hong Kong dollar	4.9300	2003-2013	100,000	12,897	100,000	12,897
Hong Kong dollar	5.3000	2003-2016	130,000	16,766	130,000	16,766
Hong Kong dollar	5.6300	2003-2017	376,000	48,491	376,000	48,491
Hong Kong dollar	3.1500	2004-2009	400,000	51,586	400,000	51,586
Hong Kong dollar	0.0000	2004-2017	108,070	13,937	117,055	15,096	**
Hong Kong dollar	3.7000	2005-2009	300,000	38,690	300,000	38,690
Hong Kong dollar	3.7700	2005-2010	500,000	64,483	500,000	64,483
Hong Kong dollar	3.8250	2005-2010	200,000	25,793	200,000	25,793

South African rand	0.0000	1997-2027	52,000	8,218	66,070	10,442	**
South African rand	0.0000	1998-2010	108,000	17,069	241,937	38,238	**
South African rand	13.5000	2000-2010	100,000	15,805	100,000	15,805
South African rand	11.0000	2001-2006	100,000	15,805	100,000	15,805
South African rand	12.0000	2002-2007	150,000	23,707	80,000	12,644

New Taiwan dollars	3.6500	2001-2006	3,500,000	106,584	3,500,000	106,584
New Taiwan dollars	2.8000	2002-2006	500,000	15,226	500,000	15,226
New Taiwan dollars	2.8200	2002-2006	700,000	21,317	700,000	21,317
New Taiwan dollars	2.9000	2002-2007	500,000	15,226	500,000	15,226
New Taiwan dollars	2.9100	2002-2007	500,000	15,226	500,000	15,226
New Taiwan dollars	2.9400	2002-2008	800,000	24,362	800,000	24,362
New Taiwan dollars	3.0000	2002-2008	1,000,000	30,453	1,000,000	30,453
New Taiwan dollars	2,34-2,94	2003-2010	4,000,000	121,810	4,000,000	121,810
New Taiwan dollars	Floating	2003-2010	3,000,000	91,358	3,000,000	91,358
New Taiwan dollars	Floating	2003-2008	2,000,000	60,905	1,600,000	48,724
New Taiwan dollars	Floating	2003-2010	2,000,000	60,905	1,700,000	51,769

Polish zloty	5.5000	2002-2022	100,000	30,562	100,000	30,562

Singapore dollars	4.7500	1999-2009	150,000	90,154	150,000	90,154

Slovakian koruna	8.4000	2000-2007	1,000,000	31,143	1,000,000	31,143
Slovakian koruna	4.1700	2004-2009	2,000,000	62,286	2,000,000	62,286
Slovakian koruna	4.1700	2005-2009	1,750,000	54,500	1,750,000	54,500

Icelandic kronur	4.7500	2002-2017	3,000,000	47,460	2,669,059	42,225	**

			Initial amount		Amount outstanding at December 31, 2005
Currency	Interest %	Issue Date/ Maturity	In currency of borrowing	In equivalent of USD	In currency of borrowing	In equivalent of USD *

New Zealand dollars	6.0000	2003-2008	100,000	68,309	100,000	68,309
New Zealand dollars	4.4500	2003-2006	73,000	49,866	39,580	27,037

Latvian lats	4.2500	2003-2007	5,000	8,472	5,000	8,472

New Turkish lira	13.5000	2005-2007	50,000	37,042	50,000	37,042
New Turkish lira	12.5000	2005-2009	50,000	37,042	50,000	37,042
New Turkish lira	11.0000	2005-2009	50,000	37,042	50,000	37,042
New Turkish lira	12.5000	2005-2009	50,000	37,042	25,000	18,521
New Turkish lira	10.0000	2005-2009	30,000	22,225	30,000	22,225

TOTAL***					USD	16,721,503

* Convenience translations into U.S. dollars have been made at the following exchange rates:

1 U.S. dollar = 117.74179876 Japanese yen; 0.8476731 EUR; 0.580910 Pounds sterling;

7.958379 Swedish kronor; 6.768670 Norwegian kroner; 6.324065 Danish kroner;

1.365517 Australian dollars; 1.163431 Canadian dollars; 1.318216 Swiss francs;

7.754005 Hong Kong dollars; 6.327202 South African rand; 32.83801 New Taiwan dollars;

3.27202 Polish zloty; 1,663813 Singapore dollars; 32.109858 Slovakian koruna;

63.2109858 Icelandic kronur; 1.4639315 New Zealand dollars; 0.590150 Latvian lats and

1.3498347 New Turkish lira.

** The amount stated as outstanding at December 31, 2005 includes accrued amortization on zero coupon obligations and obligations issued at a deep discount with redemption prices substantially above par.

*** Figures included in this table exclude certain items included in the balance sheet amounts and related disclosures under Exhibit IV such as premiums, discounts and certain hedging effects.

Nordic Investment Bank 18-KAnnual report (foreign governments)