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Deal Date: 29-10-2020 Practice Area: Debt Capital Markets
Deal Title: State of North Rhine-Westphalia Sustainability Bond due 2035 Industry: Public Sector
Norton Rose Fulbright advised a banking consortium consisting of Landesbank Baden-Wurttemberg (LBBW, Technical Lead), Cooperatieve Rabobank U.A., Natixis, NatWest Markets Plc, The Toronto-Dominion Bank and UniCredit Bank AG in connection with the issuance of a multi-billion euro sustainability bond by the State of North Rhine-Westphalia. The sustainability bond with an issue volume of EUR 2.4 billion (USD 2.8 billion) was non-interest-bearing and matured on 12 October 2035. The proceeds of the issue were to be used by the State of North Rhine-Westphalia for projects with environmental or social benefits in the fields of education and sustainability research, inclusion and social coherence, public transport and local mobility, climate protection and energy transition, protection of natural resources, sustainable urban development and modernization of educational and public health facilities.
Financial Center: Frankfurt Value: 1000.01-5000.00
Advised Party: Lead Manager Law Firm
Issuer Germany Issuer 2 Germany
Classification: Green Bonds and Loans Sustainability Bonds
Sovereign and Public Sector Bonds Municipal Bonds
Lawyer Christoph Enderstein