NWB launches new social framework

By Frank Jackman
21 May 2019

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 AmericaHSBCRabobank 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 ...

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