Rabobank Intl London - Pre-Stabilisation Notice
06/07/2022 12:32
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220706:nRSF5229Ra&default-theme=true
RNS Number : 5229R Rabobank International London 06 July 2022
BNG EUR ● bn ● % Fixed Rate Benchmark due 2032
Indicative Pricing Terms and Conditions
Issuer: BNG Bank N.V. ("BNG")
LEI: 529900GGYMNGRQTDOO93
Ratings: Aaa (stable) by Moody's, AAA (stable) by S&P, AAA (stable) by Fitch
Status: Senior Unsecured, Unsubordinated
Form of Notes: RegS Bearer, NGN
Nominal Amount: EUR ●
Trade Date: 6 July 2022
Settlement Date: 13 July 2022 (T+5)
Maturity Date: 13 July 2032
Coupon: ● % per annum
Coupon Payment Dates: Coupon is paid annually on 13 July, commencing 13 July 2023,
up to and including the Maturity Date, subject to business day convention
Benchmark: DBR 0 02/15/2032
Benchmark Yield / Pricing: ● % / ●
Reoffer Spread to Bund: DBR ● + ● bps
Reoffer Spread to OAT: FRTR ● + ● bps
Reoffer Spread Vs. Midswaps: MS + ● bps
Reoffer Price: ● %
Reoffer Yield: ● %
Fees: 0.175% , EUR ●
All-in Price: ●
All-in Yield: ● %
Net Proceeds: EUR ●
Redemption: At Par on the Maturity Date
Clearing: Euroclear / Clearstream
Listing: Luxembourg Stock Exchange
Business Days: TARGET
Business Day Convention: Actual / Actual ICMA, Following, Unadjusted
Denominations: EUR 100,000 and EUR 1,000 thereafter
ISIN ●
Documentation: In accordance with the issuer's Debt Issuance Programme
Governing Law: Netherlands
Sales Restrictions: TEFRA D applicable; additional selling restrictions in accordance with the
Prospectus and relevant Prospectus Supplement relating to the issue.
Ranking: All instruments will constitute unsecured and unsubordinated obligations of
the Company and will rank pari passu without any preference among themselves
and with all other present and future unsecured and unsubordinated obligations
of the Company, save for those preferred by mandatory provisions of the law.
MiFID II Product Governance: Eligible Counterparties and Professional Clients,
each as defined in MiFID II (all distribution channels)
Expenses: To be borne equally by the joint lead managers
Paying Agent: Deutsche Bank AG, London Branch
Lead Managers: Credit Agricole CIB, DZ BANK, Rabobank, Santander
Use of Proceeds The proceeds of the bonds will be utilised for lending to all SDG-linked loans
of Dutch Social Housing Associations, as defined in BNG Bank's 'Sustainable
Finance Framework' (https://www.bngbank.com)
Disclaimer:
This document has been prepared by Joint Lead Managers solely for the
information of the issuer of the securities and the managers of the issue. It
has not been prepared for, should not be provided to, and should not be relied
upon by, any investor or any other person for any purpose. The final terms and
conditions of the transaction will be set out in full in the offering
document, if any, and the binding legal contracts to be entered into between
us.
Before entering into this or any related transaction you should ensure that
you fully understand the potential risks and returns of this transaction and
decide whether it is appropriate and suitable for you. In making this decision
you should consult with such advisors as you deem necessary. The Joint Lead
Managers are not providing you with any general financial, strategic or
specialist advice, such as legal, regulatory, accounting or taxation advice.
Each Joint Lead Manager is acting solely as an arm's length contractual
counterparty and not as adviser, agent or fiduciary to you or to any investor
or other person.
The Joint Lead Managers and their respective affiliates, connected companies,
employees or clients may have an interest in, or a position in, or may deal
in, transactions or securities (or related derivatives) identical or similar
to those described in this document.
This document is confidential and may not be distributed (in whole or in part)
to any other person, except for your professional advisors, without our
consent.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END STAFIFSADVIRIIF