NRW.BANK has priced a syndicated USD denominated Euro market bond which matures in 2027.
Gold users are able to click on the ISIN to check the full term sheet for this deal. XS2778367933
For all the deals placed in the market today use the Bond Market or Money Market Viewers.
| 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. |
| Generic Credit Rating | [Login to see full details] |
| Moody's Credit Rating | [Login to see full details] |
| S&P Credit Rating | [Login to see full details] |
| Fitch Credit Rating | [Login to see full details] |
| Trade Details | |
| Security Type | MTN |
| Amount | USD [Login to see full details] |
| Total Amount including taps | USD [Login to see full details] |
| Total Amount Outstanding | USD [Login to see full details] |
| Total Order Book | USD [Login to see full details] |
| Structure | Fixed Rate |
| Coupon | [Login to see full details] |
| Price | [Login to see full details] |
| Reoffer | [Login to see full details] |
| It came at a spread of [Login to see full details] in the Euro bond market. | |
| Term | [Login to see full details] |
| Yield Notes | [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] |
Login to see if this deal qualifies as a Green Bond or Social Bond or other type of ESG Bond.
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.