NWB Bank proudly issues a 5 year EUR 1.25 bln Social Bond
01 October 2026On 8 September, NWB Bank issued a 5 year €1.25 billion Social Bond. The proceeds of the bond will be fully allocated to loans for Dutch Social Housing Associations, supporting the provision of affordable and environmentally sustainable rental housing for lower-income households in the Netherlands.
As a public sector bank, NWB Bank is a key financing partner for the social housing sector, providing appropriate funding that delivers both positive social and environmental impact.
| Borrower | NEDERLANDSE WATERSCHAPSBANK N.V. (“NWB Bank”) |
| Ratings | Aaa Stable (Moody’s) / AAA Stable (S&P) |
| Coupon | 3.250%, Fixed, Annual, ACT/ACT, Long first coupon |
| Size | EUR 1.25 billion |
| Pricing Date | 8 September 2026 |
| Payment Date | 15 September 2026 |
| Maturity Date | 15 October 2031 |
| Reoffer Spread | MS +9bps |
| Reoffer Price / Yield | 99.512% / 3.355% |
| Joint Lead Managers | Danske Bank A/S, Deutsche Bank AG, LBBW, UBS AG |
Aileen Booijink, treasury officer NWB Bank:
The euro market remains our core funding market, making it important for NWB Bank to maintain a strong presence. The successful placement of our Social Bond highlights investors’ confidence in NWB Bank’s mission and credit strength, as reflected in the very high-quality and geographically well-balanced orderbook. The bookbuilding process allowed NWB Bank worked to achieve a final spread of Mid-Swaps +9 bps, which helped NWB Bank to re-price its curve more in-line with fair value.
The proceeds will support the financing of projects that generate positive social impact. We sincerely thank our investors for their continued support and partnership.
