Largest bond order book to date for NWB Bank

NWB Bank has successfully launched its first Social Bond of the year. This time the bank has issued a 10-year €1 billion benchmark Affordable Housing Bond. In total NWB Bank has attracted over €9 billion in Socially Responsible Investments (SRI). The proceeds of the issue of the Affordable Housing Bond will be credited to a special budget account that will support NWB Bank lending for social housing activities.

 “This is our most successful Affordable Housing Bond to date. The order book was more than three times oversubscribed which resulted in lower pricing. NWB Bank keeps aiming to attract investors that are not only interested in economic return, but also take into consideration the social impact of their investment“, says Tom Meuwissen, General Manager Treasury at NWB Bank.The Affordable Housing Bond has been issued under the €60,000,000,000 Debt Issuance Program on 30 January 2019. The 10-year bond will be repaid in full on 6 February 2029. The coupon of the bond is 0.625% annually and the re-offer price is 98.829%. Joint lead managers for this transaction are ABN AMRO, Barclays, BNP Paribas and Natixis. The notes of this Housing Bond will be listed on the Luxembourg Stock 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.comNWB 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).