By Lisa Kerner
Charlotte, N.C., Nov. 16 – NRW.Bank issued a €500 million 10-year 0.875% green bond.
Proceeds from the bond, its third, will be used to fund energy- and water-related projects, according to a company news release.
About 80% of the funds will be used to finance climate mitigation projects, and the remaining 20% will be to support climate adaptation projects.
According to NRW.Bank, more than 60% of the investors were SRI driven, and the order book passed the €500 million after 45 minutes. There were 51 individual orders.
The issue was priced at the tight end of guidance at mids-waps minus 2 basis points and 35.9 bps over DBR 1% (08.2025).
The bond will be listed in Dusseldorf under the ISIN: DE000NWB0AC0, and the minimum denomination is €1,000.
HSBC and Credit Agricole CIB acted as lead managers.
NRW.Bank is a financial development products and services company is based in Dusseldorf, Germany.
| Issuer: | NRW.Bank
|
| Issue: | Green bond
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| Amount: | €500 million
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| Coupon: | 0.875%
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| Maturity: | November 10, 2025
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| Denomination: | €1,000
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| Distribution: | Private placement
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| Lead managers: | HSBC and Credit Agricole CIB
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| ISIN: | DE000NWB0AC0
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