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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
SSA
PRCD
NRW
Land Nordrhein-Westfalen (aka State of North Rhine-Westphalia)CHF50
1EMEA
Jul 21, 2026
currency
CHF
size (m)
50.000
maturity
Nov 12, 2040
type
Fixed
tenor
14.250
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Aa1
s&p
AA
fitch
AAA
size description
-
re-open/tap
Yes
ipt
-
ipt-pxd
0
guidance
Set at SARON MS+30#; SARON MS+30 area
spread
30
coupon
0.8425%
spread set
-
price
95.87300
yield
1.1582%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Registration: Reg S Only; Comments: PP: Yes;
Deal Comments
CHF50m tap of 0.8425% due 12-NOV-2040. Total Outstanding: CHF205m
Guarantor(s)
Federal State of North Rhine-Westphalia (NRW)
Use of Proceeds
An amount equivalent to the net proceeds raised from any NRW.BANK Social Bond issued under the NRW.BANK Social Bond Framework dated May 2025 (as amended or restated from time to time, the NRW.BANK Social Bond Framework) (including the Notes) will be exclusively applied to finance, in part or in full, new eligible social expenditures (Eligible Social Projects) and/or to refinance, in part or in full, existing Eligible Social Projects as listed in the NRW.BANK Social Bond Framework