Successful start of the year for NWB Bank at the capital markets

NWB Bank will successfully issue a 5-year USD 2 billion bond. The issuance is the second ever USD 2 billion bond for the bank but this time with an even larger order book. Investors showed much interest and as a result the qualitatively high order book was well oversubscribed.

The USD 2 billion RegS/144a Benchmark Bond will be issued under NWB Bank’s €60,000,000,000 Debt Issuance Program. The 5-year bond will settle at 15 January 2020 and be repaid in full on 15 January 2025. The annual coupon interest is 1.75% and the re-offer price is 99.967%. 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.”