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EUR 1 billion 7y benchmark bond issue

NWB Bank has decided to issue a 7-year EUR 1,000,000,000 benchmark with Reg S format. The joint lead managers are HSBC, J.P. Morgan, Morgan Stanley and Nomura. NWB Bank is an AAA (stable outlook)/Aaa (stable outlook) rated national promotional bank.

EIB and NWB Bank to support climate investments and water management

  • EUR 200 million for small and medium scale sub-projects by local water authorities, with a focus on sustainability.
  • Financing will help Dutch water authorities adapt to adverse effects of climate change, by supporting flood-risk reduction and water resources management schemes.

Half-year figures 2019: NWB Bank lends more to sustainable energy projects and the water sector

  • Considerable increase in lending to the public sector: €4.4 billion compared to €3.2 billion in the first half of 2018
  • More financing for sustainable energy projects and drinking water companies
  • Issue of new SDG Housing Bond makes NWB Bank the first issuer in the Netherlands to exceed €10 billion in sustainable bond issuance
  • Net profit €41.8 million (first half of 2018: €58.5 million)

NWB Bank exceeds €10 billion mark in sustainable bond issuance

NWB Bank has once again successfully issued a sustainable bond, this time for an amount of €1 billion. The issuance of this so-called first SDG Housing Bond brings the total of sustainable funding attracted by the bank in excess of €10 billion. This makes NWB Bank the largest Dutch issuer of SRI (Socially Responsible Investing) bonds and internationally the bank is also a frontrunner in this field. The proceeds from this Housing Bond – which is linked to the UN Social Development Goals – will be used for the purposes of financing and sustainability of social housing in the Netherlands.

Green Bond and Social Bond 2018 Newsletter available

NWB Bank annually publishes a Green Bond Newsletter to provide the public and investors transparency into the use of proceeds from Water Bonds. In 2017, NWB Bank entered the social bond market and therefore the bank for the first time also publishes a Social Bond Newsletter. The 2018 Green Bond Newsletter (Water Bond Report) is available here and the 2018 Social Bond Newsletter (Social Indicator Report) can be found here.

NWB Bank resumes dividend distribution

NWB Bank will distribute €20 million in dividends to its shareholders for the 2018 financial year. The bank's Managing Board decided to do so in anticipation of the amendments to the Capital Requirements Regulation. One part of the Regulation is a proportional calculation of the leverage ratio for promotional banks. As a result, the leverage ratio for NWB Bank will be higher than 10% which is amply above the minimum requirement of 3%. The bank is therefore no longer obliged to add the profit, which for the year 2018 is €99.7 million, in its entirety to the general reserves.

NWB Bank Winner of 2019 Environmental Finance ‘Social Bond of the Year’ Award

For the second year in succession, NWB Bank has won the Environmental Finance bond award for best social bond. The prize was awarded following the successful issuance of the €600mln Affordable Housing Bond in November last year. Since 2017, NWB Bank has issued seven Affordable Housing Bonds Bonds with a total volume of €4.7 billion. As a result of this, NWB Bank is the world’s largest issuer of Social Bonds.

2018 Annual figures: another good year for NWB Bank

    • Important contribution to Dutch public sector's social and sustainable investment agenda due to substantial increase in new lending, rising from €6.2 billion in 2017 to €7.4 billion in 2018
    • Net profit of €99.7 million (2017: €122.5 million)
    • More than 25% of funding raised with Green and Social Bonds (€2.7 billion)
    • Strong capital ratio (CET1 ratio) increased further to 61.6%

    Largest bond order book to date for NWB Bank

    NWB Bank has successfully launched its first Social Bond of the year. This time the bank has issued a 10-year €1 billion benchmark Affordable Housing Bond. In total NWB Bank has attracted over €9 billion in Socially Responsible Investments (SRI). The proceeds of the issue of the Affordable Housing Bond will be credited to a special budget account that will support NWB Bank lending for social housing activities.

    EUR 1.25 billion 5y benchmark bond issue

    NWB Bank has decided to issue a 5-year EUR 1,250,000,000 benchmark with Reg S format. The joint lead managers are Citi, Commerzbank, Crédit Agricole and J.P.Morgan. NWB Bank is an AAA (stable outlook)/Aaa (stable outlook) rated national promotional bank.

    NWB Bank to acquire €2 billion loan portfolio from ABN AMRO

    NWB Bank has reached a principle agreement with ABN AMRO Bank on the acquisition of a portfolio of loans to Dutch public sector companies. The total portfolio in scope is approximately €2 billion and consisting of long-term loans to housing corporations, municipalities, academic hospitals and drinking water companies. The phased acquisition of the portfolio has already been started and will be finished over the coming weeks in concertation with all relevant parties.

    NWB Bank issues third Water Bond in USD

    NWB Bank has again launched a USD denominated Water Bond (Green Bond). This time the bank has issued a 4-year USD 500mln benchmark Water Bond. It is NWB Bank’s third Water Bond in USD and its 7th in total. In total, the bank has raised €3.6 billion in sustainable funding by issuing Water Bonds. Proceeds from these bonds are used to fund Green Bond Eligible Projects by the Dutch Water Authorities that target amongst other climate mitigation, climate adaptation and biodiversity.

    USD 1 billion 3y benchmark bond issue

    NWB Bank has decided to issue a 3-year USD 1,000,000,000 benchmark with Reg S/144A format. The joint lead managers are Daiwa Capital Markets Europe, Morgan Stanley and TD Securities.

    NWB Bank issues third Social Bond for the year

    For the third time this year NWB Bank has successfully launched an Affordable Housing Bond (Social Bond). This time the bank has issued a 20-year €600 million benchmark Affordable Housing Bond. The proceeds of the issue of the bond will be credited to a special budget account that will support NWB Bank lending for social housing activities.

    NWB Bank participated in the European Central Bank stress test

    NWB Bank has participated in the so-called SSM SREP stress test exercise conducted by the European Central Bank. This stress test ran parallel with the EU-wide stress test exercise which was carried out by the European Banking Authority and to which 48 different institutions were subject.

    New CFO and CRO for NWB Bank

    Melchior de Bruijne will be the new CFO of NWB Bank as of 1 December. His appointment as statutory member of the Managing Board will be brought forward for approval at an Extraordinary General Meeting of Shareholders to be held on 29 October 2018. Ard van Eijl, who is currently Head of Risk Management of NWB Bank, will become Chief Risk Officer as a non-statutory member of the Managing Board. For both appointments, the necessary consent from the supervisors has been obtained.

    NWB Bank issues second Social Bond of the year

    For the second time this year NWB Bank has successfully launched an Affordable Housing Bond (Social Bond). This time the bank has issued a 5-year €1 billion benchmark Affordable Housing Bond. The proceeds of the issue of the bond will be credited to a special budget account that will support NWB Bank lending for social housing activities.

    NWB Bank finances solar projects in Asia via Climate Investor One

    Cleantech Solar, the leading pan-Asian supplier of renewable energy to corporates, is the first company to receive an investment from the Climate Investor One fund. The equity investment amounts USD 50 million of which € 20mln is made available by NWB Bank via the facility the bank has granted to Climate Investor One last year.

    Half-year Figures 2018 NWB Bank

    • NWB Bank finances another major Dutch infrastructure project; total lending to the public sector €3.2 billion
    • Green and Social Bond issuances in the first half-year underpin social relevance of the bank's lending
    • Net profit of €58.5 million (HY 2017 €64.3 million)
    • European Council and Parliament endorse Commission's proposal for proportional application of leverage ratio; final agreement expected at the end of this year

    NWB Bank issues another Social Bond

    For the third time NWB Bank has successfully launched an Affordable Housing Bond (Social Bond). This time the bank has issued a 20-year €500 million benchmark Affordable Housing Bond. The proceeds of the issue of the bond will be credited to a special budget account that will support NWB Bank lending for social housing activities.

    Lidwin van Velden new Chair of NWB Bank

    The shareholders of NWB Bank have agreed to the appointment of Lidwin van Velden as Chair of the Managing Board. This was decided in the annual General Meeting of Shareholders held on 19 April 2018 in The Hague. Furthermore, the 2017 financial statements were also adopted at the meeting.

    Green Bond and Social Bond 2017 Newsletter available

    NWB Bank annually publishes a Green Bond Newsletter to provide the public and investors transparency into the use of proceeds from Water Bonds. In 2017, NWB Bank entered the social bond market and therefore the bank for the first time also publishes a Social Bond Newsletter. The 2017 Green Bond Newsletter (Water Bond Report) is available here and the 2017 Social Bond Newsletter (Social Indicator Report) can be found here.

    NWB Bank 2017 Annual Figures

    • €6.2 billion in new lending to the Dutch public sector
    • Net profit up 14% to €122.5 million (2016: €107.4 million)
    • More than €3.4 billion funding raised with Green Bonds and Social Bonds (27% of total long-term funding)
    • Strong capital ratio (CET1 ratio): from 50.5% to 60.5%

    EUR 1.25 billion 10-year benchmark bond issue

    NWB Bank has decided to issue a 10-year EUR 1,250,000,000.00 benchmark with Reg S format. The joint lead managers are Barclays, Commerzbank, Natixis and NatWest Markets. NWB Bank is an AAA (stable outlook)/Aaa (stable outlook) rated national promotional bank.

    Lidwin van Velden nominated as Chairman of the Managing Board of NWB Bank

    The Supervisory Board of NWB Bank has nominated current CFRO and acting Chairman Lidwin van Velden as new Chairman of the Managing Board of NWB Bank. Lidwin’s nomination, which is conditional to consent from the supervisors, is subject to approval at the Annual General Meeting of Shareholders to be held on 19 April 2018. Lidwin van Velden succeeds Menno Snel who left the bank last year October to become State Secretary for Finance in the new Dutch government.

    NWB Bank shares knowledge with Kenya Water Finance Facility

    A NWB Bank delegation led by NWB Bank board member Mr. Frenk van der Vliet, took part in the Amsterdam International Water Week (AIWW) and met with Mr. Jean-Pierre Sweerts, Managing Director of the Water Finance Facility (WFF), Mr. Robert Bunyi, Kenya WFF Managing Director, and representatives from the Dutch Ministry of Foreign Affairs and Netherlands Water Partnership.

    Capital Requirement NWB Bank established by ECB at a minimum of 7.625%

    The European Central Bank (ECB) has established the minimum required Common Equity Tier 1 Ratio (CET 1 Ratio) for NWB Bank at 7.625% as per 1 January 2018.

    NWB Bank issues second USD Water Bond

    NWB Bank has launched its second USD denominated Water Bond (Green Bond). This time the bank has issued a 4-year USD 500mln benchmark Water Bond. It is NWB Bank’s 6th Water Bond so far which further positions the bank in the leading group of green bonds issuers worldwide. Proceeds from the Water Bond will be used to fund Green Bond Eligible Projects by the Dutch Water Authorities that target amongst other climate mitigation, climate adaptation and biodiversity.

    NWB Bank at place 6 in 'World's 50 Safest Banks' list

    NWB Bank is again ranked in the top 10 of the worlds's safest banks list. As in last year, NWB Bank is ranked number 6. The list of the world's safest banks is published annually by the magazine Global Finance.

    Departure Menno Snel as Chairman of the Managing Board of NWB Bank

    Menno Snel has stepped down as Chairman of the Managing Board of NWB Bank to become State Secretary for Finance in the new Dutch Government.

    Half-year Figures 2017 NWB Bank

    • New lending to the public sector €3.6 billion
    • Net profit €64.3 million (first half of 2016: €54.0 million)
    • Issue of the biggest social bond well received on international capital markets

    NWB Bank looks back on a successful first half year. New lending amounted to €3.6 billion and the bank has been able to retain its market share in the financing of the Dutch public sector. The balance sheet total came out at €95 billion. In the past half year, the net profit of the bank increased to €64.3 million (H1 2016 €54.0 million), predominantly due to favourable funding conditions.

    NWB Bank issues 30-year Social Bond

    For the second time this year NWB Bank launched an Affordable Housing Bond (Social Bond). This time the bank has issued a 30-year €600 million benchmark Housing Bond. NWB Bank has never before issued such a long-term bond. In the international capital markets it will even be the longest outstanding social bond. The proceeds of the issue of the bond will be credited to a special budget account that will support NWB Bank lending for social housing activities.

    NWB Bank financial partner of Climate Investor One

    NWB Bank has provided a 20 year loan facility to the Construction Equity Fund of Climate Investor One (CIO). The facility is 100% guaranteed by Atradius Dutch State Business.

    NWB Bank launches 7-year €1.5 billion and 15-year €500 million inaugural Affordable Housing Bond

    NWB Bank has issued a very successful 7-year €1.5 billion and 15-year €500 million benchmark Affordable Housing Bond (Housing Bond) for lending to social housing associations in the Netherlands in accordance with the Bank’s Affordable Housing Bond Framework. This dual tranche transaction is NWB Bank’s first Housing Bond. With these issues, NWB Bank continues to attract international investors and enters the market for Social Bonds.

    Frida van den Maagdenberg appointed to Supervisory Board

    During the Annual General Meeting of Shareholders of NWB Bank held in The Hague on 20 April 2017, the shareholders appointed Frida van den Maagdenberg as a member of the Supervisory Board. Frida has been a member of the Executive Board of the Academic Medical Center (AMC-UvA) in Amsterdam since 2014. Prior to that, she served as a member of the Executive Board of the Sint Lucas Andreas Ziekenhuis in Amsterdam from 2008 to 2014. Her portfolio in both positions included finance and ICT. Frida's appointment fills the vacancy arising from the retirement of Berend-Jan baron van Voorst tot Voorst with effect from last year's General Meeting. The required consent for her appointment has been obtained from De Nederlandsche Bank N.V. (DNB)/the European Central Bank (ECB).

    2016 annual figures: Successful year for NWB Bank

    • NWB Bank finances €7.1 billion in public investments in the Netherlands
    • Net profit rises by 13% to €107.4 million and total assets to €94.4 billion
    • Successful year for public-private partnership (PPP) projects
    • NWB Bank strengthens its leading position as issuer of green bonds with a USD 1.25 billion Water Bond issue
    • At 50.5%, CET1 capital ratio amply exceeds ECB 7% minimum requirement

    NWB Bank has issued USD 1 billion benchmark bond

    Terms and Conditions

    Size: USD 1,000,000,000
    Ratings: AAA(st)/Aaa(st)
    Format: 144A/Reg S
    Settlement Date: 2 March 2017
    Maturity Date: 2 March 2022
    Coupon: 2.25%
    Re-offer Price: 99.423%
    Listing: Luxembourg Stock Exchange
    Joint Lead Managers: BMO, HSBC, BAML and Scotia Bank
    Program: Debt Issuance Program EUR 60,000,000,000 dated 28 April 2016

    USD 1,500,000,000 benchmark bond issue

    NWB Bank has completed a 2-yr USD 1,500,000,000 benchmark with 144A/Reg S format. The joint lead managers are Bank of Montreal and The Toronto-Dominion Bank. NWB Bank is a AAA(st)/Aaa(st) rated national promotional bank.

    NWB Bank issues Water Bond for the Dutch “Delta Plan”

    NWB Bank has issued a very successful 6-year SEK 3 billion benchmark Water Bond (Green Bond). The transaction marks NWB Bank’s inaugural Green Bond in SEK having previously issued three EUR and USD Green Bonds: EUR 500 million 5-year in 2014, EUR 1 billion 10-year in 2015 and USD 1.25 billion 10-year in 2016.

    First benchmark bond issue of 2017

    NWB Bank has successfully completed a €1,000,000,000 10-year benchmark with Reg S format. This is NWB Bank’s first benchmark bond issue of 2017. Proceeds will be used for NWB Bank’s long term lending to the Dutch public sector. NWB Bank is a AAA(st)/Aaa(st) rated national promotional bank.

    Capital Requirement NWB Bank established by ECB at a minimum of 7%

    Recently the European Central Bank (ECB) has established the minimum required Common Equity Tier 1 Ratio (CET 1 Ratio) for NWB Bank at 7%.

    NWB Bank and EIB agree on an extra EUR 500 million for sustainable economy

    The European Investment Bank (EIB) and The Nederlandse Waterschapsbank N.V. (NWB Bank) have signed a loan agreement in The Hague today for EUR 250 million.

    NWB Bank finances High Court The Hague PPP Project

    NWB Bank is pleased to announce it has reached financial close on the refinancing of the High Court PPP project with shareholder BAM PPP PGGM Infrastructure Coöperatie.

    The project comprises a Design, Build, Finance, Maintenance and Operations (DBFMO) contract that has been procured by Rijksvastgoedbedrijf on behalf of the Ministry of Justice. The main user of the Project is the Supreme Court. Additional users are the Council for the Administration of Criminal Justice and Protection of Juveniles (Raad voor Strafrechtstoepassing en Jeugbescherming) and the Delta Committee (Deltacommissie).

    NWB Bank finances A27/A1 PPP Project

    NWB Bank is pleased to announce it has reached financial close on the A27/A1 PPP project whereby it supported the 3Angle consortium consisting of Heijmans Capital (a joint venture of Heijmans and 3i Infrastructure), 3i Infrastructure and Fluor. This further builds up NWB Bank’s PPP portfolio and presence in the Dutch PPP market.

    NWB Bank’s longest EUR public bond transaction ever

    Nederlandse Waterschapsbank N.V. (“NWB Bank”) has successfully completed a € 500,000,000 25-year bond transaction. This is NWB Bank’s longest public bond transaction ever, thereby extending the NWB Bank curve further. This deal is NWB Bank second EUR transaction in a long-end maturity this year after a successful issuance of a € 500,000,000 20-year bond transaction in May that was increased by €250,000,000 in September. Proceeds will be used for NWB Banks long term lending to the Dutch public sector.

    NWB Bank finances the Second Coentunnel PPP Project

    NWB Bank is pleased to announce it has recently entered the group of lenders to the Second Coentunnel PPP Project, which is already in operational phase. This further builds up NWB Bank’s PPP portfolio and presence in the Dutch PPP market.

    USD 1,000,000,000 benchmark bond issue

    The Hague, 9 September 2016

    Nederlandse Waterschapsbank N.V. (“NWB Bank”) has completed a 3-yr USD 1,000,000,000 benchmark with 144A/Reg S format. The joint lead managers are Citigroup Global Markets Inc., Scotiabank Europe plc and The Toronto-Dominion Bank. NWB Bank is a AAA (stable outlook)/Aaa (stable outlook) rated public sector bank.

    Half-year figures 2016

    • Lending to the public sector at €3.6 billion again strong; also successful in PPP financing

    • Net profit €54.0 million (first half of 2015: €62.7 million)

    • Strong European stress test outcome confirms financial robustness

    USD 250,000,000 increase of the 10-year benchmark Green Bond

    The Hague, 10 August 2016

    Nederlandse Waterschapsbank N.V. (“NWB Bank”) has completed a 10-yr USD 250,000,000 Green Bond with 144A/Reg S format. This Green Bond trade is an increase of the USD 1,000,000,000 benchmark Green Bond issued on 24 March 2016. In 2015 the Bank issued a EUR 1 billion 10-year Green Bond and in 2014 a EUR 500 million 5-year Green Bond. NWB Bank is a AAA (stable outlook)/Aaa (stable outlook) rated promotional bank.

    European stress test confirms financial robustness

    For NWB Bank and other SSM significant institutions that are not included in the 2016 EBA EU-wide stress test sample, the ECB has carried out a dedicated stress test to support the annual Supervisory Review and Evaluation Process (SREP).

    NWB Bank finances Court Amsterdam PPP Project

    NWB Bank is pleased to announce it has reached financial close on the Court Amsterdam PPP project whereby it supported the NACH consortium consisting of Macquarie Capital.

    USD 1,400,000,000 benchmark bond issue

    Nederlandse Waterschapsbank N.V. (“NWB Bank”) has completed a 2-yr USD 1,400,000,000 benchmark with 144A/Reg S format. The joint lead managers are HSBC Bank plc, Nomura International plc, RBC Capital Markets, LLC and Scotiabank Europe plc. NWB Bank is a AAA (stable outlook)/Aaa (stable outlook) rated public sector bank.

    Redemption of NWB Bank Callable Fixed Rate and Index Linked Interest Notes

    The NWB Bank Callable Fixed Rate and Index Linked Interest Notes (ISIN XS0222962564) (the “Notes”) will be redeemed on 30 June 2016. For the Terms and Conditions of the Notes please be referred to the base prospectus dated 11 June 2004 as supplemented by the addendum dated 11 June 2005 and the Pricing Supplement dated 29 June 2005.

    NWB Bank finances N18 Enschede-Groenlo PPP Project

    NWB Bank is pleased to announce it has reached financial close on the N18 Groenlo-Enschede road PPP project whereby it supported the Noaber18 consortium consisting of DIF and VolkerWessels.

    General meeting of shareholders

    At the annual general meeting of shareholders of the Nederlandse Waterschapsbank N.V. (NWB Bank) held in The Hague on 26 April 2016, the shareholders adopted the 2015 financial statements. In light of the Basel III capital requirements, the profit after corporation tax, determined to be €94.7 million for the year 2015, will be added to the bank’s general reserves in its entirety.

    Proposed appointment of Menno Snel as Chairman of the Managing Board

    The Supervisory Board is set to propose Menno Snel (45) for appointment as Chairman of the Managing Board of NWB Bank at the General Meeting of Shareholders to be held on 26 April 2016. Menno Snel will succeed Ron Walkier (63), who will step down at the General Meeting as he is retiring. Ron Walkier has worked for the bank for 25 years and has been Chairman of the Managing board since 2008.

    Inaugural USD 1 billion Green Bond

    Nederlandse Waterschapsbank N.V. (“NWB Bank”) has issued a very successful 10-year USD 1,000,000,000 benchmark Green Bond. This successful transaction marks NWB Bank’s inaugural Green Bond in USD having previously issued two EUR Green Bonds: EUR 1 billion 10-year in 2015 and EUR 500 million 5-year in 2014. It is also the Bank’s first USD benchmark offering of the year.

    2015 results

    • Net profit increases sharply to €94.7 million (2014: €49.0 million)
    • Record lending volume of €7.4 billion
    • Very strong Tier 1 capital ratio of 79.8%

    NWB Bank home Member State

    Due to the entry into force of the Amended Transparency Directive Implementation Act, Nederlandse Waterschapsbank N.V. (NWB Bank) is obliged to disclose based on article 5:25a under 2 of the Financial Supervision Act, its home Member State. For NWB Bank with its statutory seat in The Hague and listing at Euronext Amsterdam, this is The Netherlands.

    EUR 1,500,000,000 benchmark bond issue

    Nederlandse Waterschapsbank N.V. (“NWB Bank”) has launched a 5-yr EUR 1,500,000,000 benchmark with Reg S format. The joint lead managers are Barclays, BNP Paribas, HSBC and J.P. Morgan. NWB Bank is a AAA (stable outlook)/Aaa (stable outlook) rated public sector bank.

    The world's largest corporate sustainability initiative

    Starting 2016 NWB Bank has joined the United Nations Global Compact.

    EUR 1,000,000,000 benchmark bond issue

    Nederlandse Waterschapsbank N.V. (“NWB Bank”) has launched a 7-yr EUR 1,000,000,000 benchmark with Reg S format. The joint lead managers are Citibank, Deutsche Bank, J.P. Morgan and RBS. NWB Bank is a AAA (stable outlook)/Aaa (stable outlook) rated public sector bank.