A rainy day for NWB as water bond gets wet
Romolo Tavani/Romolo Tavani - stock.adobe.com
Nederlandse Waterschapsbank (NWB) failed to reach full subscription for its 15 year water bond this week, with the lead managers having to step in to help the Dutch agency raise €500m. The issuer attributed the lack of demand to the weak eurozone economic data published during book building.
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