BNG issues new EUR 1.75 billion 5-year Social Bond
28 March 2024
Yesterday, BNG strategically positioned itself in a quiet market window at the end of the first quarter to take advantage of strong investor demand.
The transaction was well supported, with a final book size in excess of EUR 2.9 billion and the deal being more than 1.7x oversubscribed. The end result saw a new € 1.75bn 5-year Social bond priced at MS+13 bps, marking a successful 3rd outing in Euro primary capital markets in 2024. We are once again very pleased with the result and are grateful to our investor community for their strong support for BNG Bank.
An amount equal to the net proceeds of the bond will be used for lending to eligible Dutch Social Housing Associations to finance their SDG-linked expenses, as described in BNG Bank's ‘Sustainable Finance Framework’.
An amount equal to the net proceeds of the bond will be used for lending to eligible Dutch Social Housing Associations to finance their SDG-linked expenses, as described in BNG Bank's ‘Sustainable Finance Framework’.
Contact BNG Bank
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Koen Westdijk, Head