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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
SSA
PRCD
NRWBK
NRW Bank€1,000
1EMEA
Jul 8, 2026
currency
EUR
size (m)
1,000.000
maturity
Jul 15, 2036
type
Fixed
tenor
10.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Aa1
s&p
AA
fitch
AAA
size description
-
re-open/tap
No
ipt
MS+28 area
ipt-pxd
-1
guidance
n/a - straight to launch
spread
27
coupon
3.375%
spread set
-
price
99.80800
yield
3.398%
book size (m)
1,400
peak book (m)
1,400
x-covered
1.4
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,400
peak book (m)
1,400
x-covered
1.4
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1400; Registration: Reg S Only; Comments: DBR 2.9 02/36s spot @ 98.552 +32.3bps. LEI: 52990002O5KK6XOGJ020;
Guarantor(s)
Federal State of North Rhine-Westphalia
Use of Proceeds
Net proceeds will be exclusively applied to finance and/or refinance Eligible Social Projects as defined in the NRW.BANK Social Bond Framework (May 2025)