NRW.Bank lines up €1 billion green bond offering

Chicago, May 23 – NRW.Bank is offering €1 billion of green bonds, according to a notice and an investor presentation from the company.

The targeted size was detailed in an investor presentation that noted the timing for the bank’s first green senior preferred bond of the year would come in the second quarter.

The bonds will mature May 31, 2030.

A guarantee will be provided by the German Federal State of North Rhine-Westphalia.

Bookrunners on the benchmark transaction are Barclays, Credit Agricole CIB, DekaBank and Deutsche Bank.

Proceeds may be used for loans that fund efficient building projects, renewable energy, water management projects, clean transport and glass fiber broadband networks.

The state development bank of North Rhine-Westphalia is based in Dusseldorf and Munster, Germany.

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