NWB Bank successfully issues a 7 year EUR 1 bln Water Bond

On May 28th NWB Bank has successfully issued a 7 year EUR 1billion Water Bond. The proceeds of this green bond are used for clients at the heart of the bank: the Dutch water authorities. By providing appropriate financing at the lowest possible cost, we help the water authorities in their tasks of flood protection, water management and water quality.

Borrower

NEDERLANDSE WATERSCHAPSBANK N.V. (“NWB Bank”)

Ratings

Aaa Stable (Moody’s) / AAA Stable (S&P)

Coupon

3.0%, Fixed, Annual, ACT/ACT

Size

EUR 1.0 billion

Pricing Date

28 May 2026

Payment Date

4  June 2026

Maturity Date

3 June 2033

Reoffer Spread

MS+19bps

Reoffer Price / Yield

99.485% / 3.083%

Joint Lead Managers

BofA Securities Europe SA, Credit Agricole CIB, NatWest Markets N.V. and Skandinaviska Enskilda Banken AB

 

Lidwin van Velden, CEO:2026 Lidwin van Velden 03.jpg

“The success of this Green Bond issuance, particularly in today's volatile market environment, demonstrates investors’ continued confidence in NWB Bank and in the societal impact of our Water Bonds. We are very proud of this achievement.

Our Green Bond Framework is much more than a funding instrument. It has long been an integral part of our strategy and our mission as the sustainable Waterbank. What makes me most proud is what this transaction enables: financing the Dutch regional water authorities. These institutions play a vital role in climate adaptation, flood protection and water quality and quantity management. Through this Green Bond, we connect international capital directly to investments that contribute to a more sustainable and climate-resilient the Netherlands”.  

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