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BANK NEDERLANDSE GEMEENTEN ADDS TAP FOR EUR 6.8YR SSA AAA FIXED RATE GLOBAL PRIVATE MTN (TA-054166326)

Post Date: 28 March 2023

Netherlands based Government Corporate Bank Nederlandse Gemeenten NV has finalised a private placement in the EUR Fixed Rate Global Medium Term Note market. The financing matures in 2030 and was executed by a single dealer. 

A Global Distribution bond is a bond issued in a form that allows it to be traded in both the relevant local (onshore) and the offshore international, also called eurobond, market. To allow for this Global Market bonds typically have two ISINs, one for clearing in the local onshore market and one for clearing in the offshore international eurobond market. It can be denominated in any freely tradeable currency.

Gold users are able to click on the ISIN to check the full term sheet for this deal. TA-054166326

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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 MTN
Amount EUR [Login to see full details]
Total Amount including taps EUR [Login to see full details]
Total Amount Outstanding EUR [Login to see full details]
Total Order Book EUR [Login to see full details]
Structure Fixed Rate
Coupon [Login to see full details]
Term [Login to see full details]
Trade Date [Login to see full details]
Settlement Date [Login to see full details]
Maturity Date [Login to see full details]

This is a tap of an earlier placement. Login for more details.
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A Global Distribution bond is a bond issued in a form that allows it to be traded in both the relevant local (onshore) and the offshore international, also called eurobond, market. To allow for this Global Market bonds typically have two ISINs, one for clearing in the local onshore market and one for clearing in the offshore international eurobond market. It can be denominated in any freely tradeable currency.

Check here for all issuer’s year to date financings.


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