BNG issues USD 2bn 10 year benchmark
2 June 2025
After successfully issuing two new USD benchmark bonds in the first quarter of the year, BNG capitalized on a strong USD market with the issuance of a new USD 10-year in the last week of May. The transaction marked BNG's first 10-year USD benchmark since June 2020.
The trade was off to a strong start resulting in Indications of Interest (“IOIs”) in excess of USD 2.7bn. The book continued to grow to a final size of over USD 4.1bn comfortably enabling a USD 2bn print, BNG’s largest ever 10-year USD transaction.
The deal saw excellent support from high quality accounts based around the globe, showcasing the widespread trust in BNG. We are very pleased with the result and are grateful to our investor community for their strong support.
BNG is a Dutch agency specializing in financing for clients active in the public domain in the Netherlands. Since 1914, BNG has provided competitive financing terms and conditions for all maturities, regardless of financial market conditions. Its clients include local authorities and entities in the social housing, healthcare, education, energy, and infrastructure sectors. After the State, BNG is the largest SSA issuer in the Netherlands. BNG’s funding enables the Dutch public domain to achieve its sustainable and social objectives.
Contact BNG Bank
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Koen Westdijk, Head