NWB Bank enters the USD capital markets for the second time in 2025 with the successful issuance of a 3-year USD 1.25 billion benchmark deal (RegS/144A)

On Tuesday the 25th of March 2025, de Nederlandse Waterschapsbank (NWB Bank) has successfully issued a 3-year USD benchmark bond. This benchmark bond is the second international capital markets benchmark issuance completing more than 1/3^rd  of its total funding plan of EUR 11-13 billion. The proceeds of this bond are used to finance the Dutch public sector clients of NWB Bank.

“This transaction proves the strong appeal and quality of NWB Bank in the international capital markets and helps achieving advantageous financing conditions for the Dutch public sector”, says Tiemo Wesseling, head of Treasury of NWB Bank.

Transaction highlights

• USD 1.25 billion 4.125% maturing at 3th of April 2028

• Initial Price Talk (IPT) released at SOFR+38 basis points (bps) and landed at SOFR+36 bps

• High quality order book with over USD 1.75 billion demand