Nederlandse Waterschapsbank has inaugurated its updated social housing bond framework with a €1bn SRI issue. The new framework includes an environmental aspect alongside pre-existing social elements.
The Dutch agency sold a €1bn May 2027 note with a 0.125% coupon on Monday. Joint bookrunners Bank of America, HSBC, Rabobank and SEB priced the trade at 6bp below mid-swaps from a €1.4bn order book. The note was issued at 99.484.
An eight year maturity distinguished the social note