PHILADELPHIA: Bank Nederlandse Gemeenten (BNG), a Dutch public sector bank, has issued a €1 billion ($1.1 billion) bond to support the social housing sector in the Netherlands. It is believed to be the first social bond issued in line with the guidance on such issues in the recently revised Green Bond Principles.
The bond carries a coupon of 0.05% but was issued at a re-offer price of 99.992%, giving a yield of 0/051% Settlement is due on 13 July. Credit Agricole, Morgan Stanley and Rabobank were the lead managers of the issue…..