Since 2015, the State of North Rhine-Westphalia regularly issues Euro Benchmark Bonds in sustainable format. The State wants to provide investors who seek sustainable investments with an opportunity to finance selected environmental and social projects of the State. At the same time, North Rhine-Westphalia contributes to the internationally growing segment of Socially Responsible Investments (SRI).
New Framework for NRW’s Sustainability Bonds
The State of North Rhine-Westphalia plans to issue its eighth Sustainability Bond in the second quarter of 2021. For the first time, the Bond will be issued in compliance with the new framework. The Bond finances social and environmental projects from areas such as health, education, research, infrastructure as well as environmental and climate protection. Several projects serve to deal with the pandemic. The Sustainability Bond is targeted in particular at investors focusing on Socially Responsible Investments (SRI).
The State of North Rhine-Westphalia plans to issue its seventh Sustainability Bond in the fourth quarter of 2020 to finance social and environmental projects of the State. Net proceeds will finance projects in the areas of education, research, health, infrastructure and environmental protection. With this bond, the State particularly reaches out to investors who value sustainable and responsible investment.
The State of North Rhine-Westphalia successfully placed its sixth Sustainability Bond with a total volume of € 2.5 billion on the market on November 19 2019. The bond was issued for the first time in two tranches with different maturities of ten and 20 years. Net proceeds finance environmental and social projects of the budgetary year 2019. The bond particularly targets investors focusing on socially responsible investments.
Following a roadshow through European and Asian countries in February and early March 2019, which served to present the concept of the fifth Sustainability Bond to institutional investors, a bond with a volume of € 2.25 billion was successfully placed on the market on 6 March. The Sustainability Bond is particularly targeted at investors who value sustainable and responsible investments and is used to refinance social and environmental projects, such as education, research and infrastructure.
After a series of investor meetings throughout Asia and Europe in February and early March 2018 the Sustainability Bond #4 was issued on 6 March 2018 with a volume of EUR 2.025bn. The bond is designed for investors focusing on Socially Responsible Investments (SRI).
After a series of investor meetings throughout Europe in February 2017 the Sustainability Bond #3 was issued on 28 February 2017 with a volume of EUR 1.825 bn.
The State of NRW sucessfully issued its second Sustainability Bond in March 2016. The bond is designed for investors focusing on Socially Responsible Investments (SRI).
In December 2014 the government of the State of North Rhine-Westphalia decided to issue its first State Treasury Note in a “Sustainability Bond” format in 2015. The concept itself and the selected projects have been audited by oekom research, a leading rating agency for Sustainability Bonds and Green Bonds. The overall evaluation of the audit was positive.