EU Harmonisation Label: European Covered Bond (Premium)
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
Size: €500m (WNG)
Price guidance: MS+33bps area
Settlement Date: 18-May-26 (T+5)
Maturity Date: 18-May-33 - 7yr soft bullet
Extended Maturity Date: 18-May-34
Coupon: Fixed Annual
Coupon during Extended Maturity: 1 month Euribor + [■] bp, per annum, monthly in arrear, from 18-May-33 until 18-May-34
Day Count Fraction until the Maturity Date: Actual/actual (ICMA)
Business Day Convention until the Maturity Date: Following Business Day Convention, unadjusted
Day Count Fraction during Extended Maturity: Actual/360
Business Day Convention during Extended Maturity: Modified Following Business Day Convention, adjusted
ISIN: NL00150742Z9
Denomination: €100k + €100k
Listing: Euronext Amsterdam
Governing Law: Dutch Law
ESG Structurer: ING
Lead Managers: Deutsche Bank, DZ BANK, ING, J.P. Morgan and Rabobank
Documentation: Issued under the Nationale-Nederlanden Bank N.V. EUR 12,500,000,000 Covered Bond Programme dated 23-Jul-25, as supplemented on 28-Apr-26.
Security Format: Bearer, Classic Global Notes, RegS, Tefra D
Target market: MiFID II / UK MiFIR professionals/ECPs-only – Manufacturer target market (MIFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs key information document (KID) or UK CCI product summary has been prepared as not available to retail in EEA or in the UK
Fees: The banks will be paid a fee by the Issuer in connection to the transaction