NautaDutilh assisted Nationale-Nederlanden Bank in the first Green Covered Bond issuance in the Netherlands. Today, 17 May 2022, Nationale-Nederlanden Bank successfully issued EUR 500,000,000 Green Covered Bonds. Nationale-Nederlanden Bank is the first issuer in the Netherlands to issue a Green Covered Bond.
The Green Covered Bonds were issued in compliance with Nationale-Nederlanden Bank's Green Bond Framework, which is aligned with the ICMA Green Bond Principles and the EU Taxonomy. The proceeds of the issue will be used to finance and/or refinance new and/or existing mortgage loans for energy efficient residential buildings in the Netherlands that meet the requirements of Nationale-Nederlanden Bank's Green Bond Framework.
Partner Arjan Scheltema adds: "Very exciting to be involved in the first ever Green Covered Bond issuance in the Netherlands, which was very well received by the market".
Our team advising Nationale-Nederlanden Bank on the Green Covered Bond issue consisted of Arjan Scheltema, Sascha van Gerrevink and Charlotte Sonneveld.