BNG Bank issues inaugural Sustainability Bond

  • update:    
  •  
BNG Bank, the Dutch Public Sector Agency rated AA+/Aaa/AAA, has launched its inaugural Sustainability Bond. The size of the bond is EUR 500 million.

Inhoudsopgave

Contents

Automatic

The Sustainability Bond promotes BNG Bank’s lending to best-in-class sustainable municipalities in the Netherlands and enables investors to invest in sustainable Dutch municipalities via BNG Bank, with BNG Bank risk and liquidity. The BNG Bank Sustainability Bond is based on an innovative best-in-class use-of-proceeds approach and draws upon independent external expertise (Tilburg university), third party opinion (Sustainalytics) and financial assurance through reporting. Please click here for more background on this.

Due 14 October 2019, the deal has an annual coupon of 0.375% and the re-offer price is 99.936%. The yield based on this is 0.388%. Settlement date is 14 October 2014.

The issue will be listed in Luxembourg. Lead managers are Credit Agricole, Morgan Stanley International and Rabobank.

Trefwoorden: Tags: Duurzaam; Sustainability
 

 Content Query