Danske Bank Joint Bookrunner on NWB Bank EUR 2bn 3y SDG Housing Bond

Borrower: NEDERLANDSE WATERSCHAPSBANK N.V: ("NWB Bank")

Ratings: Aaa (Stable) by Moody's Investor Services; AAA (Stable) by Standard & Poor's

Coupon: 0%, Fixed, Annual, Act/Act (ICMA)

Size: EUR2 billion

Launch Date: 2nd April 2020

Payment Date: 14th April 2020

Maturity Date: 14th April 2023

Reoffer Spread: MS+11bps / OBL 0% 04/23 47.0bps ref 101.995 (HR 97%)

Reoffer Price / Yield: 100.548 / -0182%

Joint Lead Managers: Danske Bank, HSBC, Morgan Stanley (B&D) and NatWest Markets

Format: Sustainable Development Goals (SDG) Housing Bonds

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