NWB Bank issues third Social Bond for the year

08 November 2018

For the third time this year NWB Bank has successfully launched an Affordable Housing Bond (Social Bond). This time the bank has issued a 20-year €600 million benchmark Affordable Housing Bond. The proceeds of the issue of the bond will be credited to a special budget account that will support NWB Bank lending for social housing activities.

 “We are very happy with the good result of yet another successful Affordable Housing Bond. Against challenging market conditions we were able to bring an upsized deal at tightened pricing. The deal enjoyed strong support from accounts including a number of SRI investors which remain keen to gain exposure in this sustainable format. The quality of the order book confirms the strength of our framework”, says Tom Meuwissen, General Manager Treasury of NWB Bank.

The Housing Bond will be issued under the €60,000,000,000 Debt Issuance Program on 12 November 2018. The 20-year bond will be repaid in full on 15 June 2039. The coupon of the bond is 1.500% annually and the re-offer price is 99.284%. Lead managers for this transaction are Bank of America Merrill Lynch, HSBC, Nomura and Rabobank. The notes 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.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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