Germany based Development Bank NRW Bank has finalised a private placement in the USD Floating Rate Euro Medium Term Note market. The financing matures in 2027 and was executed by a single dealer.
A Euro bond is a bond or other type of negotiable debt instrument issued in the offshore international, also called eurobond, market. The ISIN of a Euro Market bond always starts with XS. It can be denominated in any freely tradeable currency.
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| Issuer Details | |
| Issuer | NRW Bank |
| LEI | 52990002O5KK6XOGJ020 |
| Industry | Government - Development Bank |
| Country | Germany |
| Issuer Description | NRW.BANK is a German development bank. The agency is owned by the Federal State of North Rhine-Westphalia and has a clear public mission mandate. With a total balance sheet of appr. EUR 150 bn, we are the second largest development institution in Germany. Based on the explicit guarantee from the Federal State, NRW.BANK has a zero-risk weighting, is considered as HQLA and enjoyes a first-class credit quality (Aa1/AA/AAA). Rating agencies view NRW.BANK as a self-supporting entity. The capital base is strong. The paid-in capital of EUR 18 bn leads to a CET1 ratio of more than 40% NRW.BANK cannot become insolvent therefore the agency is bail-in exempt. NRW.BANK is active in the EUR and USD market. Relevant is also the GBP and AUD market. On the theme bond-side, NRW.BANK is (re)financing its environmental friendly loans with Green Bonds. Here the focus is on limiting the global warming to less than 2 degrees.. NRW.Bank provides banking services. The Bank offers financial development products in the business areas of social housing, venture capital, urban development, agricultural, technological, and infrastructure initiatives, and environmental protection. NRW.Bank serves customers in Germany. |
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| Trade Details | |
| Security Type | MTN |
| Amount | USD [Login to see full details] |
| Total Amount including taps | USD [Login to see full details] |
| Structure | Floating Rate |
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A Euro bond is a bond or other type of negotiable debt instrument issued in the offshore international, also called eurobond, market. The ISIN of a Euro Market bond always starts with XS. It can be denominated in any freely tradeable currency.
Check here for all issuer’s year to date financings.