Book size: 1900; Registration: Reg S Only; Comments: EUR750m 15yr Social Bond, fxd cpn 3.625% at 99.715, yld 3.65%. Spread: MS+41bps. 25.7bps vs DBR 2.6 41 TWIN @ 90.76% | HR 103%. LEI: 52990002O5KK6XOGJ020;
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.