Successful issuance of a 3-year EUR 1.75bln benchmark deal

• EUR 1.75 billion 2.500% maturing at 13 September 2027

• Deal was launched at MS+10bps and closed at MS+9bps

• High quality order book with over 50 investors and plus €2bln demand

 

Last Wednesday, we successfully issues a 3-year benchmark bond. Despite apparently challenging market conditions, we managed to attract €1.75 billion funding at an attractive spread of +9 basis points. This transaction is already our third EUR benchmark this year after a previous 10-year bond and our recent 7-year Water Bond. In total we attracted €8.2 billion in long term funding this year at the international capital markets.

 

“I am very satisfied with this deal that follows on the publication of our solid half-year figures last week. The choice for a 3-year tenor seemed to have been valued by our investors and I am grateful for their confidence in our bank”, says Frenk van der Vliet, chief commercial officer of NWB Bank.

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Simon Zwagemakers
Head of Corporate Affairs / Corporate Secretary
+31 70 416 62 59
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