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.
“Very exciting to be involved in the first ever Green Covered Bond issuance in the Netherlands, which was very well received by the market”
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.