Nederlandse Waterschapsbank Bank N.V.’s €60 Billion Debt Issuance Program Update

Davis Polk advised Nederlandse Waterschapsbank Bank N.V. in connection with the annual update of its €60 billion Rule 144A/Regulation S debt issuance program. In the 12 months prior to the update, Davis Polk advised NWB Bank in connection with senior notes issuances totaling $5.65 billion.

NWB Bank is a specialized lender to the public sector primarily in the Netherlands, providing short-term and long-term financing to water boards, municipal and provincial authorities as well as to other public sector institutions such as social housing corporations, health care and educational institutions.

The Davis Polk corporate team included partner Reuven B. Young (Picture), counsel Connie I. Milonakis and associate Ida Araya-Brumskine. Partner John D. Paton, counsel Alon Gurfinkel and associate Omer Harel provided U.S. tax advice. Partner Jonathan Cooklin and associate Dominic Foulkes provided U.K. tax advice. Associate Brantley Hawkins provided 1940 Act advice.

 

Involved fees earner: Reuven Young – Davis Polk & Wardwell; Connie Milonakis – Davis Polk & Wardwell; Ida Araya-Brumskine – Davis Polk & Wardwell; John Paton – Davis Polk & Wardwell; Alon Gurfinkel – Davis Polk & Wardwell; Omer Harel – Davis Polk & Wardwell; Jonathan Cooklin – Davis Polk & Wardwell; Dominic Foulkes – Davis Polk & Wardwell; Brantley Hawkins – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Nederlandse Waterschapsbank Bank N.V.;