NWB Bank’s €5,7 Billion Affordable Housing Bonds Offering

NautaDutilh assisted NWB Bank on a series of Affordable Housing Bonds with a combined value of EUR 5,7 billion.

NWB entered the Social Bonds market in June 2017 and has since then issued six Social Bonds (the Affordable Housing Bonds). The proceeds of these Affordable Housing Bonds are specifically used to fund social housing projects.

NWB Bank hereby contributes to securing housing for the less affluent and other social groups, such as young and elderly people who are experiencing difficulties obtaining suitable housing.

NWB Bank is at the forefront of the Affordable Housing Bonds market. The global market value of these bonds in 2017 was worth approximately EUR 7,8 billion and NWB Bank issued in that year up to EUR 2,6 billion of Affordable Housing bonds. The Affordable Housing Bonds are issued under NWB Bank’s EUR 60 billion Debt Issuance Program.

The main goal of NWB Bank is to efficiently and cost-effectively fund the Netherlands public sector and these Affordable Housing Bonds emphasize NWB Bank’s role as a robust and sustainable financial partner for the Netherlands public sector.

The NautaDutilh team consists of Petra Zijp (picture), Antonia Netiv, Philip Silvis, Sabrina Legerstee, Sicco Gunster and Mariëlle van Nimwegen (Capital Markets) and Nina Kielman (Tax).

Involved fees earner: Sicco Gunster – NautaDutilh; Nina Kielman – NautaDutilh; Sabrina Legerstee – NautaDutilh; Antonia Netiv – NautaDutilh; Philip Silvis – NautaDutilh; Mariëlle van Nimwegen – NautaDutilh; Petra Zijp – NautaDutilh;

Law Firms: NautaDutilh;

Clients: Nederlandse Waterschapsbank Bank N.V.;