EAPB member NWB Bank has launched its second USD denominated Water Bond (Green Bond).

NWB Bank has launched its second USD denominated Water Bond (Green Bond). This time the bank has issued a 4-year USD 500mln benchmark Water Bond. It is NWB Bank’s 6th Water Bond so far which further positions the bank in the leading group of green bonds issuers worldwide. Proceeds from the Water Bond will be used to fund Green Bond Eligible Projects by the Dutch Water Authorities that target amongst other climate mitigation, climate adaptation and biodiversity.

"In 2016 we successfully issued our inaugural USD 1bln 10-year benchmark Water Bond. This 4-year Water Bond was also well oversubscribed. NWB Bank thus underpins its role as a sustainable financial partner for the public sector. Investors at the same time want their money to be used for projects that contribute to achieving the climate goals", says Bouke den Hoed (treasury NWB Bank).

The Water Bond will be issued under the €60,000,000,000 Debt Issuance Program. Settlement has taken place on 15 November 2017 and the 4-year bond will be repaid in full on 15 November 2021. The coupon of the bond is 2.125% annually and the re-offer price is 99.867%. Lead managers for this transaction are Bank of America Meryll Lynch, Daiwa Capital Markets and Nomura. The notes are listed on the Luxembourg Stock Exchange and the Luxembourg Green Exchange.

Contacts:
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