Benchmark issue EUR 1.5 billion
Nederlandse Waterschapsbank (NWB) has launched a EUR 1.5 billion issue. The lead managers are BNP Paribas, HSBC and UBS Investment Bank. NWB is a AAA/Aaa rated public sector bank.
The bond, which was issued under the EUR 40 billion EMTN programme, will be repaid in full on 21 February 2011. The settlement date is 19 February 2009.
The coupon is 2.750% and the re-offer price is 99.879%. The bonds will be listed on the Luxembourg Stock Exchange.
The Hague, 13 February 2009
