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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
NNGRNV
Nationale-Nederlanden Bank NV (NN Bank)€500
1EMEA
May 11, 2026
currency
EUR
size (m)
500.000
maturity
May 18, 2033
type
Fixed
tenor
7.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
-
s&p
AAA
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
-
ipt-pxd
-7
guidance
MS+33 area
spread
26
coupon
3.125%
spread set
-
price
99.59200
yield
3.191%
book size (m)
2,500
peak book (m)
-
x-covered
5
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,500
peak book (m)
-
x-covered
5
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2500; Registration: Reg S Only; Comments: Hedges vs DBR 2.3 02/15/33 TWIN, HR 104%. LEI: 724500BICUQ0LF1AH770;
Deal Comments
UPDATE: Spread Set at MS+26
Guarantor(s)
NN Covered Bond Co BV
Use of Proceeds
The Issuer will allocate an equivalent amount to the net proceeds for the financing and/or refinancing, in whole or in part, of an Eligible Green Loan Portfolio, in accordance with certain prescribed eligibility criteria as defined in NN Bank Green Bond Framework
Relative Value

COMPS

Name

Coupon

Maturity

Issue date

Size (€m)

I-mid

ASN BANK NV

3.25

Apr-33

Apr-26

500

28

ACHMEA BANK

2.75

Sep-32

Sep-25

500

26

ACHMEA BANK

2.875

Dec-33

Dec-25

500

28

ING BANK NV

2.75

Nov-32

Nov-25

2,000

24