Netherlands based Government Corporate Bank Nederlandse Gemeenten NV has finalised a private placement in the NZD Fixed Rate Kauri Bond market. The financing matures in 2030 and was executed by a single dealer.
A Kauri bond is a NZD-denominated bond issued by a non-New Zealand entity in the New Zealander Foreign Bond market.
For all the deals placed in the market today use the Bond Market or Money Market Viewers.
| Issuer Details | |
| Issuer | Bank Nederlandse Gemeenten NV |
| LEI | 529900GGYMNGRQTDOO93 |
| Industry | Government - Corporate |
| Country | Netherlands |
| Issuer Description | Promotional lender for the Dutch public sector. 100% Government owned; 50% of share capital is held by the state of the Netherlands and 50% by Dutch local authorities. These include municipalities, 11 of the 12 provincial authorities and a water board. Ownership is restricted to Dutch public authorities. Under our Articles of Association, lending is limited to public authorities within the EU. In line with our strategy, we provide loans to local authorities, social housing, healthcare, education and public utilities sector in the Netherlands. Credit exposure is very low. More than 90% of the loans granted by BNG are guaranteed by the central or local government (0% risk weighted). |
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| Trade Details | |
| Security Type | Bond |
| Amount | NZD [Login to see full details] |
| Total Amount including taps | NZD [Login to see full details] |
| Total Amount Outstanding | NZD [Login to see full details] |
| Total Order Book | NZD [Login to see full details] |
| Structure | Fixed Rate |
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| It came at a spread of [Login to see full details] in the Kauri bond market. | |
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A Kauri bond is a NZD-denominated bond issued by a non-New Zealand entity in the New Zealander Foreign Bond market.
Check here for all issuer’s year to date financings.