Second successful benchmark transaction of 2020 for NWB Bank
NWB Bank successfully launched a 10-year EUR 1 billion bond transaction. It was the second benchmark transaction of 2020, but the first in EUR. Investors showed much interest and as a result the qualitatively high order book was well oversubscribed.
The EUR 1 billion Benchmark Bonds will be issued under NWB Bank’s €60,000,000,000 Debt Issuance Program. The lead managers are Barclays, BNP Paribas, Citi and Credit Agricole CIB. The 10-year bond will settle at 28 January 2020 and be repaid in full on 28 January 2030. The annual coupon interest is 0.050% and the re-offer price is 99.453%. The notes will be listed on the Luxembourg Stock Exchange.