NWB Bank issues third Water Bond in USD

10 December 2018

NWB Bank has again launched a USD denominated Water Bond (Green Bond). This time the bank has issued a 4-year USD 500mln benchmark Water Bond. It is NWB Bank’s third Water Bond in USD and its 7th in total. In total, the bank has raised €3.6 billion in sustainable funding by issuing Water Bonds. Proceeds from these bonds are used to fund Green Bond Eligible Projects by the Dutch Water Authorities that target amongst other climate mitigation, climate adaptation and biodiversity.

"With this Water Bond we again underpin our role as a sustainable financial partner for the public sector. Recently, Dutch Minister of Finance Mr. Hoekstra used NWB Bank to illustrate that government-owned enterprises are becoming more and more sustainable. We are proud to be called an example and as such appreciate that the State of the Netherlands has announced it will issue a Green Bond next year itself", says Tom Meuwissen (General Manager Treasury NWB Bank).

The Water Bond will be issued under the €60,000,000,000 Debt Issuance Program. Settlement has taken place on 5 December 2018 and the 4-year bond will be repaid in full on 5 December 2022. The semi-annual coupon of the bond is 3.125% and the re-offer price is 99.918%. Lead managers for this transaction are Barclays, HSBC and SEB. The notes are listed on the Luxembourg Stock Exchange and the Luxembourg Green Exchange.

Nederlandse Waterschapsbank N.V., Rooseveltplantsoen 3, 2517 KR The Hague, the Netherlands
Media relations: Simon Zwagemakers, t +31 70 4166259 / +31 6 57457906 e persinfo@nwbbank.com

NWB Bank is a national promotional bank which aims to keep the financing costs for the public sector as low as possible. The bank primarily serves local and regional authorities (water authorities, municipalities and provinces), as well as institutions guaranteed by the government or local and regional authorities, such as housing associations and health care institutions. Its AAA/Aaa ratings and financial expertise allow the bank to actively respond to the needs of its clients, allowing the latter in turn to fulfil their role in society in the Netherlands to the fullest extent possible. As a significant bank, NWB Bank is supervised by the European Central Bank (ECB).


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