2025 NWB Bank capital market funding kicks off with successful issuance of 5-year USD 1.5 billion SDG Housing Bond

On Thursday 9 January, we have successfully issued a 5-year USD 1.5 billion SDG Housing Bond. This benchmark bond is the first international capital markets issuance of our total funding plan for 2025. We expect to raise €11 to 13 billion long-term funds this year and the proceeds of this particular bond will be used for the financing of housing associations in the Netherlands.

“This transaction shows once again how NWB Bank mobilizes finance from the international capital markets for achieving affordable and sustainable social housing in the Netherlands”, says Tiemo Wesseling, NWB Bank’s new Head of Treasury.

The USD 1.5 billion SDG Housing Bond (RegS/144A) was issued under NWB Bank’s €75,000,000,000 Debt Issuance Program. The 5-year bond will settle on the 16th of January 2025 and be repaid in full on the 16th of January 2030. The Initial Price Talk (IPT) was released at SOFR+50 basis points (bps) and landed at SOFR+48 bps as a result of the high quality order book with over USD 2.4 billion in demand.