Commentary & Deal Flow

BNG Bank N.V. (BNG), the Dutch public sector agency, rated Aaa/AAA/AAA (all stable) by Moody's, S&P and Fitch, has mandated Commerzbank, HSBC, Natixis and TD Securities as Joint Lead Managers.

A new € benchmark 7-year transaction in Reg S Bearer format will be launched in the near future, subject to market conditions.

• Target Market: 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).
• Stabilisation: ICMA/FCA stabilisation.