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AMSTERDAM - NIBC Bank N.V. has completed its €500 million green bond offering without any market stabilization measures, according to a statement released Thursday by Morgan Stanley (NYSE:MS) Europe SE, which served as one of the stabilization managers for the transaction.
The 3.500% Fixed Rate Senior Non-Preferred Green Notes, due June 5, 2030, were priced at 99.973 percent. The notes carry the ISIN code XS3087726595.
Morgan Stanley Europe SE confirmed that no stabilization activities were undertaken for the securities following the pre-stabilization announcement made on May 28.
The bond issuance was managed by a consortium of financial institutions including Morgan Stanley Europe SE, BNP Paribas (OTC:BNPQY), BofA Securities Europe SA, Deutsche Bank (ETR:DBKGn) Aktiengesellschaft, and Banco Santander (BME:SAN), S.A.
The green notes represent part of NIBC Bank’s sustainable finance initiatives, though specific details about the environmental projects to be funded were not included in the announcement.
The securities have not been registered under the United States Securities Act of 1933 and are not being offered in the United States, according to the press release statement.
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