Commentary & Deal Flow

BNG Bank N.V. (BNG), the Dutch public sector agency, rated Aaa/AAA/AAA (all stable), has mandated ABN AMRO, Barclays, J.P. Morgan and LBBW as Joint Lead Managers for a new EUR denominated 10-year Social bond Benchmark transaction in RegS Bearer format, to be launched in the near future, subject to market conditions.

The target market for the Bonds is eligible counterparties and professional investors, each as defined in MiFID II / UK MiFIR (all channels for distribution of the Bonds are appropriate). ICMA/FCA stabilisation.

The proceeds of the bond will be utilised for lending to Dutch Social Housing Associations to finance their social expenditures as defined in BNG Bank's ‘Sustainable Finance Framework’. The Framework and the second party opinion provided by ISS ESG are available on the Issuer's website, at https://www.bngbank.com/Funding/ESG-Bonds