NRW.Bank prints debut social bond

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By Frank Jackman
30 Jun 2020

NRW.Bank signalled to the market that there is demand at 15 years with its inaugural social bond on Tuesday. Following the deal two other European issuers, Bank Nederlandse Gemeenten and Portugal, mandated for deals of their own in the tenor.

“NRW.Bank did a lot of good work with investors last week that’s paid off with a final book of €3.1bn for a €1bn deal,” said a banker at one of the leads.

Following the roadshow last week, the German agency mandated Crédit Agricole, DekaBank,

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