NEW ISSUE: NRW.BANK £ bmk 5yr Sr Unsec; SONIA MS+40a
IGC European Market: Deal Flow - SSA
Issuer
Term
Maturity
Size
Ranking
Type
ISIN
Guidance
NRW.BANK
5yr
31-Jul-31
bmk
Sr Unsec
Fixed
XS3553893671
SONIA MS+40a
Guidance: 5yr: SONIA MS+40a
Issuer:NRW.BANK (NRWBK)
LEI: 52990002O5KK6XOGJ020
Guarantor: Federal State of North Rhine-Westphalia (NRW)
Rating: Aa1/AA/AAA/AAA (all stable)
Status: Senior unsecured, 0% RW, HQLA/Level 1
Format: Reg S, Bearer
Size: £ Benchmark
Maturity: 31-Jul-31
Settlement: 29-Oct-26 (T+5)
Coupon: Fixed, Annual, Act/Act, short first
Guidance: SONIA MS (A, A/365) + 40bps area (currently equivalent to ~UKT 0.250% Jul-31 + 23.8bps area)
Denoms: £200k + £200k
Listing: Luxembourg
Law: German
Docs: Issuer's Debt Issuance Programme
Bookrunners: DB / Nomura (B&D/DM) / Santander
ISIN: XS3553893671
Target Market: The EU MiFID manufacturer target markets are eligible counterparties and professional clients (all distribution channels)
Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The prospectus is available at https://www.bourse.lu/programme/Programme-NRWBank/12999