Nordic Investment Bank 18K Annual report (foreign governments) | SEC 11 May 16

Exhibit I

NORDIC INVESTMENT BANK

Summary Schedule of Funded Debt

Outstanding at December 31, 2015


				Initial amount				Amount outstanding at December 31, 2015 in equivalent of USD*
Currency	Issues	Interest %	Maturities	In currency of borrowing		In equivalent of USD
				(in thousands)		(in thousands)		(in thousands)
US dollars	21	0.000 - 5.000	2016 - 2042		10,472,890		10,472,890		10,523,288
Japanese yen	24	0.000 - 10.000	2016 - 2041		81,300,000		675,298		608,848
British pounds sterling	5	4.3522 - 5.250	2016 - 2032		642,350		952,826		1,245,974
Euro	17	0.000 - 9.670	2017 - 2065		1,176,102		1,280,422		1,260,636
Swedish kronor	9	0.000 - 2.750	2016 - 2032		7,400,000		876,694		876,694
Norwegian kroner	18	1.170 - 4.780	2016 - 2026		13,100,000		1,485,158		1,485,158
Australian dollars	25	2.700 - 6.430	2016 - 2029		3,529,600		2,579,496		2,579,496
Canadian dollars	1	5.150	2017		300,000		216,069		18,168
Swiss francs	4	2.500 - 6.125	2018 - Perp.		550,000		552,640		371,344
Hong Kong dollar	4	0.000 - 5.630	2016 - 2018		714,070		92,136		101,989
South African rand	4	0.000 - 7.000	2016 - 2027		1,152,000		73,980		74,954
Polish zloty	1	5.5000	2022		100,000		25,533		25,533
Icelandic kronur	1	4.7500	2017		3,000,000		23,139		5,962
New Zealand dollars	14	3.040 - 4.875	2017 - 2025		2,900,000		1,982,811		1,982,811
New Turkish lira	7	0.500 - 14.000	2016 - 2020		651,300		223,224		199,575
Argentine pesos	2	20.000 - 90.000	2016		203,200		15,645		15,645
Brazilian real	15	0.500 - 10.000	2016 - 2023		1,579,795		398,897		394,386
Mexican peso	3	0.5000	2022 - 2023		4,900,000		282,039		169,224
Indian rupee	2	5.100 - 5.700	2020		2,215,400		33,489		33,489

TOTAL									21,973,174

*	Includes a floating rate issue.

The figures included in this schedule do not agree directly to the amounts in the balance sheet, which also include items such as premiums, discounts and adjustments related to hedge accounting.

Schedule of Annual Amortization of Funded Debt

Outstanding at December 31, 2015 (in millions of EUR)


Currency	2016		2017		2018		2019		2020		After 2020		Total
US dollars		2,764.6		2,158.5		2,066.7		918.5		936.9		820.7		9,665.9
Japanese yen		22.9		358.6		3.8		19.8		7.6		146.5		559.2
British pounds sterling		511.0						286.1		136.2		211.2		1,144.5
Euro				150.0				40.0				967.9		1,157.9
Swedish kronor		108.8		70.7		108.8		244.8		108.8		163.4		805.3
Norwegian kroner		156.2		208.2		182.2		338.4		208.3		270.9		1,364.2
Swiss francs						230.7						110.4		341.1
Australian dollars		6.4		302.1		352.4		13.4		335.6		1,359.4		2,369.3
Canadian dollars				16.7								0.0		16.7
Hong Kong dollar		15.4		66.4		11.9						0.0		93.7
South African rand		47.2				17.7						3.9		68.8
Polish zloty												23.4		23.4
Icelandic kronur		0.6		4.9								0.0		5.5
New Zealand dollars				219.8		533.8		502.4		408.2		157.1		1,821.3
New Turkish lira		10.2				69.5		88.5		15.1		0.0		183.3
Argentine pesos		14.4										0.0		14.4
Brazilian real		92.8				121.0		132.3				16.2		362.3
Mexican peso												155.4		155.4
Indian rupee										30.8		0.0		30.8

Total		3,750.5		3,555.9		3,698.5		2,584.2		2,187.5		4,406.4		20,183.0

The figures included in this schedule do not agree directly to the amounts in the balance sheet, which also include items such as premiums, discounts and adjustments related to hedge accounting.

NORDIC INVESTMENT BANK

Schedule of Funded Debt, December 31, 2015 (in thousands)


							Initial amount				Amount outstanding at December 31, 2015
Currency	Interest rate December 31, 2015		Interest %		Issue Date/ Maturity		In currency of borrowing		In equivalent of USD		In currency of borrowing		In equivalent of USD*

US dollars				5.0000		2007-2017		1,000,000		1,000,000		1,000,000		1,000,000
US dollars				0.0000		2007-2037		30,000		30,000		49,464		49,464	**
US dollars				0.0000		2010-2040		10,000		10,000		12,897		12,897	**
US dollars				0.0000		2010-2040		10,000		10,000		12,897		12,897	**
US dollars				2.2500		2011-2016		1,000,000		1,000,000		1,000,000		1,000,000
US dollars				1.9200		2011-2020		20,000		20,000		20,000		20,000
US dollars				1.1900		2012-2017		100,000		100,000		100,000		100,000
US dollars				4.4000		2012-2042		50,000		50,000		56,895		56,895	**
US dollars				1.0000		2012-2017		1,250,000		1,250,000		1,250,000		1,250,000
US dollars				4.3000		2012-2042		20,000		20,000		22,693		22,693	**
US dollars				4.3800		2012-2042		64,890		64,890		73,796		73,796	**
US dollars				3.4000		2012-2027		63,000		63,000		69,647		69,647	**
US dollars				0.7500		2012-2018		1,000,000		1,000,000		1,000,000		1,000,000
US dollars				0.5000		2013-2016		2,000,000		2,000,000		2,000,000		2,000,000
US dollars				5.0000		2013-2033		35,000		35,000		35,000		35,000
US dollars				5.0000		2014-2034		35,000		35,000		35,000		35,000
US dollars				1.8750		2014-2019		1,000,000		1,000,000		1,000,000		1,000,000
US dollars				4.0000		2014-2029		35,000		35,000		35,000		35,000
US dollars				2.2500		2014-2021		500,000		500,000		500,000		500,000
US dollars				1.1250		2015-2018		1,250,000		1,250,000		1,250,000		1,250,000
US dollars				1.5000		2015-2020		1,000,000		1,000,000		1,000,000		1,000,000

Japanese yen				5.2400		1997-2022		5,000,000		41,531		5,000,000		41,531
Japanese yen		4.40162		Floating		1998-2028		4,000,000		33,225		4,000,000		33,225
Japanese yen		4.64606		Floating		1999-2019		500,000		4,153		500,000		4,153
Japanese yen		4.02458		Floating		1999-2017		4,000,000		33,225		2,000,000		16,612
Japanese yen		5.28822		Floating		1999-2019		1,000,000		8,306		1,000,000		8,306
Japanese yen				2.70000		1999-2019		1,000,000		8,306		1,000,000		8,306
Japanese yen		6.19800		Floating		1999-2019		1,100,000		9,137		100,000		831
Japanese yen				3.3200		2000-2020		1,000,000		8,306		1,000,000		8,306
Japanese yen		2.13050		Floating		2001-2016		3,000,000		24,919		3,000,000		24,919
Japanese yen		7.65942		Floating		2003-2033		1,000,000		8,306		1,000,000		8,306
Japanese yen		7.34236		Floating		2003-2033		1,000,000		8,306		1,000,000		8,306
Japanese yen		9.50000		Floating		2007-2037		2,100,000		17,443		2,100,000		17,443
Japanese yen		4.00000		Floating		2007-2037		300,000		2,492		300,000		2,492
Japanese yen		10.00000		Floating		2007-2037		3,000,000		24,919		3,000,000		24,919
Japanese yen		1.70000		Floating		2007-2017		50,000,000		415,312		45,000,000		373,781
Japanese yen		8.84500		Floating		2007-2037		300,000		2,492		300,000		2,492
Japanese yen		0.00000		Floating		2007-2037		600,000		4,984		600,000		4,984
Japanese yen		2.14569		Floating		2008-2018		500,000		4,153		500,000		4,153
Japanese yen		2.50000		Floating		2014-2039		300,000		2,492		300,000		2,492
Japanese yen		2.50000		Floating		2014-2040		400,000		3,322		400,000		3,322
Japanese yen		2.50000		Floating		2014-2039		300,000		2,492		300,000		2,492
Japanese yen		2.35000		Floating		2014-2040		300,000		2,492		300,000		2,492
Japanese yen		3.50000		Floating		2015-2035		300,000		2,492		300,000		2,492
Japanese yen		2.18785		Floating		2015-2041		300,000		2,492		300,000		2,492


							Initial amount				Amount outstanding at December 31, 2015
Currency	Interest rate December 31, 2015		Interest %		Issue Date/ Maturity		In currency of borrowing		In equivalent of USD		In currency of borrowing		In equivalent of USD*

Euro				9.6700		1996-2021		60,101		65,432		60,101		65,432
Euro		0.27400		Floating		2005-2025		50,000		54,435		17,575		19,134
Euro				4.7600		2009-2029		37,000		40,282		37,000		40,282
Euro				3.7000		2009-2029		10,000		10,887		10,000		10,887
Euro				3.4500		2013-2058		50,000		54,435		53,510		58,256	**
Euro				0.0000		2013-2058		30,001		32,662		32,147		34,998	**
Euro				3.5000		2013-2058		30,000		32,661		32,136		34,986	**
Euro				3.4700		2013-2058		15,000		16,331		16,059		17,483	**
Euro				3.5100		2013-2061		50,000		54,435		53,572		58,324	**
Euro				3.0000		2013-2028		20,000		21,774		20,000		21,774
Euro		0.00000		Floating		2014-2019		40,000		43,548		40,000		43,548
Euro				0.3070		2014-2017		150,000		163,305		150,000		163,305
Euro				0.0000		2014-2064		50,000		54,435		51,550		56,122	**
Euro				0.0000		2014-2059		10,000		10,887		10,278		11,190	**
Euro				0.0000		2015-2065		54,000		58,790		54,000		58,790	**
Euro				0.0000		2015-2035		20,000		21,774		20,000		21,774	**
Euro				0.3750		2015-2022		500,000		544,350		500,000		544,350

British pounds sterling				5.2500		1999-2019		150,000		222,502		210,000		311,502
British pounds sterling		4.35220		Floating		2000-2024		100,000		148,334		110,750		164,280
British pounds sterling		4.60650		Floating		2000-2020		80,000		118,667		100,000		148,334
British pounds sterling				5.2000		2001-2032		150,000		222,502		44,160		65,504
British pounds sterling		5.20422		Floating		2001-2016		162,350		240,821		375,067		556,353	**

Swedish kronor		0.00000		Floating		2011-2016		1,000,000		118,472		1,000,000		118,472
Swedish kronor				2.9400		2011-2031		1,000,000		118,472		1,000,000		118,472
Swedish kronor		0.00000		Floating		2012-2017		650,000		77,007		650,000		77,007
Swedish kronor				2.7500		2012-2032		500,000		59,236		500,000		59,236
Swedish kronor				2.1250		2013-2018		500,000		59,236		500,000		59,236
Swedish kronor				2.4130		2013-2018		500,000		59,236		500,000		59,236
Swedish kronor		0.00000		Floating		2014-2019		1,750,000		207,326		1,750,000		207,326
Swedish kronor		0.00000		Floating		2014-2019		500,000		59,236		500,000		59,236
Swedish kronor				0.1550		2015-2020		1,000,000		118,472	��	1,000,000		118,472

Norwegian kroner				4.7800		2009-2019		1,100,000		124,708		1,100,000		124,708
Norwegian kroner				3.0000		2011-2016		500,000		56,685		500,000		56,685
Norwegian kroner				4.7800		2011-2019		150,000		17,006		150,000		17,006
Norwegian kroner				4.7800		2011-2019		150,000		17,006		150,000		17,006
Norwegian kroner				4.0000		2011-2026		1,100,000		124,708		1,100,000		124,708
Norwegian kroner				2.3750		2012-2016		1,000,000		113,371		1,000,000		113,371
Norwegian kroner				4.7800		2012-2019		350,000		39,680		350,000		39,680
Norwegian kroner				2.1250		2012-2017		1,000,000		113,371		1,000,000		113,371
Norwegian kroner				2.1250		2012-2017		500,000		56,685		500,000		56,685
Norwegian kroner				2.1250		2013-2017		500,000		56,685		500,000		56,685
Norwegian kroner				2.0000		2013-2018		750,000		85,028		750,000		85,028
Norwegian kroner		1.17000		Floating		2014-2018		1,000,000		113,371		1,000,000		113,371
Norwegian kroner		1.18000		Floating		2014-2019		1,000,000		113,371		1,000,000		113,371
Norwegian kroner		1.18000		Floating		2014-2019		500,000		56,685		500,000		56,685
Norwegian kroner				1.5000		2015-2025		500,000		56,685		500,000		56,685
Norwegian kroner				1.3750		2015-2020		1,700,000		192,730		1,700,000		192,730
Norwegian kroner				1.5000		2015-2022		1,000,000		113,371		1,000,000		113,371
Norwegian kroner				1.3750		2015-2020		300,000		34,011		300,000		34,011


						Initial amount				Amount outstanding at December 31, 2015
Currency	Interest rate December 31, 2015	Interest %		Issue Date/ Maturity		In currency of borrowing		In equivalent of USD		In currency of borrowing		In equivalent of USD*

Australian dollars			6.4300		2009-2019		20,000		14,616		20,000		14,616
Australian dollars			3.9900		2012-2016		9,600		7,016		9,600		7,016
Australian dollars			5.0000		2012-2022		300,000		219,245		300,000		219,245
Australian dollars			5.0000		2012-2022		200,000		146,164		200,000		146,164
Australian dollars			3.5000		2012-2017		450,000		328,868		450,000		328,868
Australian dollars			5.0000		2012-2022		175,000		127,893		175,000		127,893
Australian dollars			5.0000		2013-2022		100,000		73,082		100,000		73,082
Australian dollars			3.5000		2013-2018		400,000		292,327		400,000		292,327
Australian dollars			5.0000		2013-2022		100,000		73,082		100,000		73,082
Australian dollars			4.7500		2013-2024		200,000		146,164		200,000		146,164
Australian dollars			4.7500		2013-2024		100,000		73,082		100,000		73,082
Australian dollars			4.7500		2013-2024		100,000		73,082		100,000		73,082
Australian dollars			4.7500		2014-2024		125,000		91,352		125,000		91,352
Australian dollars			4.7500		2014-2018		125,000		91,352		125,000		91,352
Australian dollars			4.7500		2014-2024		100,000		73,082		100,000		73,082
Australian dollars			4.7500		2014-2024		100,000		73,082		100,000		73,082
Australian dollars			4.7500		2014-2024		100,000		73,082		100,000		73,082
Australian dollars			4.7500		2014-2024		25,000		18,270		25,000		18,270
Australian dollars			4.7500		2014-2029		50,000		36,541		50,000		36,541
Australian dollars			4.7500		2014-2024		75,000		54,811		75,000		54,811
Australian dollars			4.7500		2014-2024		25,000		18,270		25,000		18,270
Australian dollars			4.7500		2014-2024		50,000		36,541		50,000		36,541
Australian dollars			2.7000		2015-2020		300,000		219,245		300,000		219,245
Australian dollars			2.7000		2015-2020		200,000		146,164		200,000		146,164
Australian dollars			3.4000		2015-2026		100,000		73,082		100,000		73,082

Canadian dollars			5.1500		2007-2017		300,000		216,069		25,225		18,168

Swiss francs			6.1250		1986-Perp.		200,000		200,960		19,570		19,664
Swiss francs			2.5000		2009-2018		250,000		251,200		250,000		251,200
Swiss francs			3.2700		2009-2024		50,000		50,240		50,000		50,240
Swiss francs			2.8300		2009-2021		50,000		50,240		50,000		50,240

Hong Kong dollar			5.3000		2003-2016		130,000		16,774		130,000		16,774
Hong Kong dollar			5.6300		2003-2017		376,000		48,515		376,000		48,515
Hong Kong dollar			0.0000		2004-2017		108,070		13,944		184,430		23,797	**
Hong Kong dollar			1.7000		2013-2018		100,000		12,903		100,000		12,903

South African rand			0.0000		1997-2027		52,000		3,339		67,166		4,313	**
South African rand			5.0000		2013-2016		300,000		19,266		300,000		19,266
South African rand			6.7500		2013-2016		500,000		32,109		500,000		32,109
South African rand			7.0000		2014-2018		300,000		19,266		300,000		19,266

Polish zloty			5.5000		2002-2022		100,000		25,533		100,000		25,533

Icelandic kronur			4.7500		2002-2017		3,000,000		23,139		772,935		5,962	**


						Initial amount				Amount outstanding at December 31, 2015
Currency	Interest rate December 31, 2015	Interest %		Issue Date/ Maturity		In currency of borrowing		In equivalent of USD		In currency of borrowing		In equivalent of USD*

New Zealand dollars			3.0400		2011-2021		125,000		85,466		125,000		85,466
New Zealand dollars			4.1250		2012-2017		200,000		136,746		200,000		136,746
New Zealand dollars			4.1250		2012-2017		150,000		102,559		150,000		102,559
New Zealand dollars			3.5000		2013-2018		350,000		239,305		350,000		239,305
New Zealand dollars			3.5000		2013-2018		175,000		119,652		175,000		119,652
New Zealand dollars			4.1240		2013-2020		100,000		68,373		100,000		68,373
New Zealand dollars			3.5000		2013-2018		175,000		119,652		175,000		119,652
New Zealand dollars			4.8750		2014-2019		425,000		290,584		425,000		290,584
New Zealand dollars			4.8750		2014-2019		125,000		85,466		125,000		85,466
New Zealand dollars			4.8750		2014-2019		250,000		170,932		250,000		170,932
New Zealand dollars			4.1250		2015-2020		550,000		376,050		550,000		376,050
New Zealand dollars			3.8750		2015-2025		75,000		51,280		75,000		51,280
New Zealand dollars			3.8750		2015-2025		50,000		34,186		50,000		34,186
New Zealand dollars			3.5000		2015-2018		150,000		102,559		150,000		102,559

New Turkish lira			14.0000		2006-2016		32,500		11,139		32,500		11,139
New Turkish lira			10.2500		2010-2020		48,000		16,451		48,000		16,451
New Turkish lira			0.5000		2012-2019		200,000		68,547		131,000		44,898
New Turkish lira			4.8700		2012-2018		125,000		42,842		125,000		42,842
New Turkish lira			0.5000		2014-2019		120,000		41,128		120,000		41,128
New Turkish lira			0.5000		2014-2019		30,000		10,282		30,000		10,282
New Turkish lira			9.0800		2016-2018		95,800		32,834		95,800		32,834

Argentine pesos			20.0000		2011-2016		63,200		4,866		63,200		4,866
Argentine pesos			90.0000		2015-2016		140,000		10,779		140,000		10,779

Brazilian real			6.0000		2013-2016		125,000		31,562		125,000		31,562
Brazilian real			6.0000		2013-2016		35,000		8,837		35,000		8,837
Brazilian real			10.0000		2013-2016		50,000		12,625		50,000		12,625
Brazilian real			6.0000		2013-2016		40,000		10,100		40,000		10,100
Brazilian real			6.0000		2013-2016		25,000		6,312		25,000		6,312
Brazilian real			6.0000		2013-2016		25,000		6,312		25,000		6,312
Brazilian real			0.5000		2013-2016		130,000		32,825		100,000		25,250
Brazilian real			9.9500		2013-2023		58,095		14,669		70,231		17,733	**
Brazilian real			8.7700		2013-2018		343,500		86,733		343,500		86,733
Brazilian real			0.5000		2014-2019		50,000		12,625		50,000		12,625
Brazilian real			0.5000		2014-2019		180,000		45,450		180,000		45,450
Brazilian real			0.5000		2014-2019		170,000		42,925		170,000		42,925
Brazilian real			0.5000		2014-2019		170,000		42,925		170,000		42,925
Brazilian real			8.9800		2015-2018		63,920		16,140		63,920		16,140
Brazilian real			9.0000		2015-2018		114,280		28,856		114,280		28,856

Mexican peso			0.5000		2012-2022		1,000,000		57,559		650,000		37,413
Mexican peso			0.5000		2013-2023		2,500,000		143,898		1,290,000		74,251
Mexican peso			0.5000		2013-2023		1,400,000		80,583		1,000,000		57,559

Indian rupee			5.1000		2015-2020		1,449,800		21,916		1,449,800		21,916
Indian rupee			5.7000		2015-2020		765,600		11,573		765,600		11,573

TOTAL													USD 21,973,174

*	Convenience translations into US dollars have been made at the following exchange rates:

1 US dollar = 120.3912924 Japanese yen; 0.918526683 Euro; 0.674152659 British pounds sterling;

8.440800955 Swedish kronor; 8.820611739 Norwegian kroner; 1.3683292 Australian dollars;

1.388040783 Canadian dollars; 0.995223661 Swiss francs; 7.750160742 Hong Kong dollars;

15.57178286 South African rand; 3.916505924 Polish zloty; 129.6500413 Icelandic kronur;

1.462570038 New Zealand dollars; 2.917700009 New Turkish lira; 12.98848168 Argentine pesos;

3.9604115 Brazilian real; 17.37347295 Mexican peso and 66.15366951 Indian rupee.

**	The amount stated as outstanding at December 31, 2015 includes accrued amortization on zero coupon obligations and obligations issued at a deep discount with redemption prices substantially above par.

The figures included in this schedule do not agree directly to the amounts in the balance sheet, which also include items such as premiums, discounts and adjustments related to hedge accounting.

Nordic Investment Bank 18-KAnnual report (foreign governments)