By Lisa Kerner
Charlotte, N.C., Nov. 3 – NRW.Bank issued a €500 million four-year green bond.
Proceeds from the bond, its second, will be used to refinance environmental projects in the energy and water sector in North Rhine-Westphalia, according to a company news release.
Investors in the bond include sustainability-oriented investors from Germany (35%), the Netherlands (17%), Scandinavia (8%), Switzerland (16%), Africa (10%) Asia (6%) and other European countries (8%).
NRW.Bank chairman Klaus Neuhaus said due to the great success of the first green bond, the development bank plans to regularly issue green bonds.
The first NRW.Bank green bond was issued in 2013 and met with high demand, the release stated.
HSBC and DZ Bank acted as lead managers.
NRW.Bank is a financial development products and services company is based in Dusseldorf, Germany.
| Issuer: | NRW.Bank
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| Issue: | Green bond
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| Amount: | €500 million
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| Maturity: | Four years
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| Denomination: | €1,000
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| Distribution: | Private placement
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| Lead managers: | HSBC and DZ Bank
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