NWB Bank effectively issues a 3 year 1 billion USD benchmark

25 August 2026

On 25 August 2026, NWB Bank successfully issued a new USD benchmark bond. This benchmark underlines our continued commitment to the USD market and our ability to access high-quality funding for our Dutch public sector clients. The issuance attracted strong participation from central banks, official institutions and other long-term investors. 


Ismail Aouden, treasury officer NWB Bank

The USD market remains an important source of funding for NWB Bank. By maintaining presence in this market, we can access a broad range of investors and support the financing needs of our Dutch public sector clients in the most efficient way. We are grateful for the support from investors around the world that enables us to make it possible.

Details

Borrower NEDERLANDSE WATERSCHAPSBANK N.V. (“NWB Bank”)
Ratings Aaa Stable (Moody’s) / AAA Stable (S&P)
Coupon 4.250%, Fixed, Semi-annual, 30/360
Size EUR 1.0 billion
Pricing Date 25 August 2026
Payment Date 2 September 2026
Maturity Date 4 September 2029
Reoffer Spread SOFR MS + 27bps
Reoffer Price / Yield 99.721% / 4.350%
Joint Lead Managers Citigroup, Daiwa, Goldman Sachs, Nomura


Investor details

3yrs USD benchmark.png

 

 

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