New SDG Housing Bond brings total of issued sustainable bonds above €15 billion

For the second time this year, NWB Bank has successfully issued an SDG Housing Bond. This time, the bond has a size of €1 billion and a maturity of 15 years. The bank uses the proceeds of the SDG Housing Bond for the financing of affordable, and sustainable social housing in the Netherlands.

In total, NWB Bank has now issued more than €15 billion in sustainable bonds, making NWB Bank the largest issuer of SRI bonds in the Netherlands. Internationally, the bank is considered a leading issuer of SRI bonds within the SSA (Sovereigns, Supranationals, and Agencies) space. NWB Bank has committed itself to raising at least 25% of its annual long-term funding through sustainable bond issuances.

The €1 billion SDG Housing Bond was issued under NWB Bank’s €60,000,000,000 Debt Issuance Program. The 15-year bond will settle on the 3rd of September 2020 and be repaid in full on the 3rd of September 2035. The bond has a coupon of 0.125% and a re-offer price of 99.911%, for a re-offer yield of 0.131%. Lead managers for this transaction are DZ Bank, J.P. Morgan, Natixis and Rabobank. The notes will be listed on the Luxembourg Stock Exchange.

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Simon Zwagemakers
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