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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
SSA
PRCD
NRWBK
NRW Bank€1,500
1EMEA
May 20, 2026
currency
EUR
size (m)
1,500.000
maturity
May 27, 2033
type
Fixed
tenor
7.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Aa1
s&p
AA
fitch
AAA
size description
Will Not Grow
re-open/tap
No
ipt
-
ipt-pxd
-2
guidance
MS+21 area
spread
19
coupon
3.125%
spread set
-
price
99.24100
yield
3.248%
book size (m)
3,300
peak book (m)
3,300
x-covered
2.2
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
3,300
peak book (m)
3,300
x-covered
2.2
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 3300; Registration: Reg S Only; Comments: DBR 2.3% Feb2033 @ 95.975% / +28.1bp / HR 105%. LEI: 52990002O5KK6XOGJ020;
Deal Comments
UPDATE: Spread Set at MS+19
Guarantor(s)
State of North Rhine-Westphalia
Use of Proceeds
An amount equivalent to the gross proceeds raised from an NRW.BANK European Green Bond (such as the Notes) will be allocated in full to financial assets refinancing environmentally sustainable economic activities pursuant to Article 3 of Regulation (EU) 2020/852 (Taxonomy Regulation) as further specified in the European Green Bond Factsheet of the Issuer dated April 2026.