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FRANKFURT - NRW.Bank announced Tuesday it has initiated a €1 billion senior unsecured notes offering due September 2, 2025, guaranteed by the German Federal State of North Rhine-Westphalia.
Deutsche Bank AG, Frankfurt will serve as the Stabilisation Coordinator for the offering, according to a press release statement. The stabilisation period is expected to begin today and continue until September 26, 2025.
The stabilisation managers appointed for the transaction include Barclays Bank, BNP Paribas, Deutsche Bank, and Helaba. These managers may over-allot securities by up to 5% of the aggregate nominal amount to support market price stability during the stabilisation period.
The notes will be issued under the ISIN code DE000NWB9163, with the issue price yet to be announced.
NRW.Bank is the state development bank of North Rhine-Westphalia, Germany’s most populous federal state. The bank primarily focuses on supporting economic development, housing, and infrastructure projects within the region.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered or sold in the United States. The offering is primarily directed at qualified investors outside the United Kingdom and those within the UK who have professional experience in investment matters.
The announcement comes as part of NRW.Bank’s ongoing financing activities to support its development mandate in the North Rhine-Westphalia region.
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