Commentary & Deal Flow

NWB Bank (ticker: "NEDWBK"), rated AAA/Aaa by S&P/Moody's (both Stable), has mandated Danske Bank, Deutsche Bank, LBBW and UBS to joint lead manage its upcoming € Social 5yr Benchmark transaction.

An expected € bmk 5yr Social offering will follow in the near future, subject to market conditions.

• ESG Ratings: Sustainalytics (8.0, Negligible Risk), ISS ESG (B Prime)
• Use of Proceeds: The proceeds of the Notes will be utilized for lending to Social Housing Organizations in the Netherlands according to the Issuer’s Social Bond Framework
• Stabilisation: FCA/ICMA
• Manufacturer target market (UK MiFIR/MIFID II product governance): Eligible counterparties and professional investors (all distribution channels)
• Link to the Social Bond Framework: https://nwbbank.com/application/files/9517/5328/1899/NWB_Bank_Social_Bond_Framework_2025.pdf