Düsseldorf/Münster, 29 January 2019
NRW.BANK has successfully issued its seventh EUR 500 million Green Bond within the space of just a few hours. The bond was oversubscribed more than three times and is used to finance environmentally friendly projects in North Rhine-Westphalia such as wind power plants, the restoration of rivers and green energy grids.
“The NRW.BANK.Green Bond supports the trend of more and more investors wishing to put their money in environmentally sensible and sustainable investments,” says Michael Stölting, Managing Board member of NRW.BANK. “The bond focuses on green energy and clean water in North Rhine-Westphalia. We thus offer our investors the possibility to contribute to environmental and climate protection.”
The 2019 NRW.BANK.Green Bond places a strong focus on energy, with the main emphasis on renewable energy sources such as wind energy, the energy-efficient modernisation and refurbishment of public facilities as well as clean transport. The 2017 NRW.BANK Green Bond, which also had a volume of EUR 500 million, was used to fund various environmental projects in the energy and building refurbishment sector, thus saving 402,000 tons of CO2 equivalents per year. The CO2 savings of the 2018 NRW.BANK.Green Bond will be published in the 2018 Sustainability Report in June.
The majority of the 2019 green bond investors come from Germany, the Netherlands and France and over 75% of them focus on sustainability. HSBC and Commerzbank acted as lead managers. The bond is listed on the Düsseldorf Stock Exchange and the Luxembourg Green Exchange under ISIN DE000NWB0AG1. The minimum denomination is EUR 1,000.
Having invested in green bonds since 2017, NRW.BANK has decided to increase its portfolio of green bonds to EUR 300 million by 2020 (previously: EUR 200 million by 2020). In its capacity as investor and issuer, NRW.BANK thus makes an important contribution to improving the quality of the green bond market.
For more information, visit www.nrwbank.de/greenbond
NRW.BANK is the promotional bank of North Rhine-Westphalia. Its mission is to support its owner – the state of North Rhine-Westphalia – in the completion of its structural and economic policy tasks. In its three promotional fields “Economy”, “Housing” and “Infrastructure/Municipalities”, NRW.BANK uses a wide range of promotional tools – from low-interest promotional loans to equity financing to advisory services. It cooperates with all banks and savings banks based in NRW on a competition-neutral basis. NRW.BANK takes into account the existing offers by the Federal Government, the North Rhine-Westphalian government and the European Union in the arrangement of its promotion.