NWB Bank issues its first USD SDG Housing Bond

For the fourth time this year, NWB Bank has successfully issued a sustainable bond. This time, the bank has issued a USD 1 billion SDG Housing Bond with a maturity of 5 years. NWB Bank uses the proceeds of the SDG Housing Bond for the financing of affordable, and sustainable social housing in the Netherlands.

“We have benefitted optimally from a currently attractive market. There was a lot of interest in our first USD SDG Housing Bond and the qualitatively high order book was well oversubscribed”, says Tom Meuwissen, treasurer at NWB Bank.

In total, NWB Bank has now issued more than €16 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 USD 1 billion SDG Housing Bond was issued under NWB Bank’s €60,000,000,000 Debt Issuance Program. The 5-year bond will settle on the 2nd of December 2020 and be repaid in full on the 2nd of December 2025. The bond has a semi-annual coupon of 0.5% and a re-offer price of 99.734%, for a re-offer yield of 0.554%. Lead managers for this transaction are Bank of Montreal, Daiwa Capital Markets Europe Ltd , Scotiabank en TD Securities. The notes will be listed on the Luxembourg Stock Exchange.

 

The notes have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There was no public offering of the notes in the United States. This notice does not constitute an offer to sell, or the solicitation of an offer to buy, any of the notes.

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