Netherlands based Development Bank Bank Nederlandse Gemeenten NV has finalised a private placement in the CNY Fixed Rate Euro Medium Term Note market. The financing matures in 2028 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 | Bank Nederlandse Gemeenten NV |
| LEI | 529900GGYMNGRQTDOO93 |
| Industry | Government - Development Bank |
| 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 | MTN |
| Amount | CNY [Login to see full details] |
| Total Amount including taps | CNY [Login to see full details] |
| Structure | Fixed 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.