NRW.BANK has successfully issued its sixth € 500 million Green Bond within the space of just a few hours. The bond was oversubscribed more than three times and is used to finance environmentally friendly projects in North Rhine-Westphalia such as wind power plants and energy-efficient building refurbishments.
“The NRW.BANK.Green Bonds focus on green energy and clean water in North Rhine-Westphalia. We thus offer our investors the possibility to contribute to environmental and climate protection,” says Michael Stölting, member of the Managing Board of NRW.BANK. “At the same time, we cater to the growing trend of companies wishing to place their money in environmentally sensible and sustainable investments and promoting renewable resources.”
The 2018 NRW.BANK.Green Bond places a strong focus on energy, with the main emphasis on renewable energy sources such as wind power, the energy-efficient modernisation and refurbishment of public facilities and private properties as well as clean transport. Last year’s NRW.BANK Green Bond, which also had a total volume of € 500 million, was used to fund various environmental projects in the energy and wind sector, thus saving 402,000 tons of CO2 equivalents per year.
The majority of the bond investors in this year’s green bond were strongly focused on sustainability. The largest demand came from the Netherlands, France and Germany. HSBC and Commerzbank acted as lead managers. The bond is listed on the Düsseldorf Stock Exchange and the Luxembourg Green Exchange under ISIN: DE000NWB0AF3. The minimum denomination is EUR 1,000.
For more information, visit https://www.nrwbank.com/en/investor-relations/Issuance_NRW.BANK.Green_Bond.html
NRW.BANK is the promotional bank of North Rhine-Westphalia. Its mission is to support its owner – the state of North Rhine-Westphalia – in the completion of its structural and economic policy tasks. In its three promotional fields “Economy”, “Housing” and “Infrastructure/Municipalities”, NRW.BANK uses a wide range of promotional tools – from low-interest promotional loans to equity financing to advisory services. It cooperates with all banks and savings banks based in NRW on a competition-neutral basis. NRW.BANK takes into account the existing offers by the Federal Government, the North Rhine-Westphalian government and the European Union in the arrangement of its promotion.