In the first week of the year BNG Bank (BNG) has issued their new EUR 1.25 bn 10y benchmark. This new issue is a Social Bond, which means that the proceeds of the bond will be utilised for lending to Dutch Social Housing Associations to finance their SDG-linked expenses, as defined in BNG Bank's 'Sustainable Finance Framework'.
BNG is a Dutch agency specializing in providing financing for its clients that are active in the public domain in the Netherlands. BNG has provided financing to the public sector since 1914, at competitive terms and conditions and for all maturities, irrespective of the situation on the financial markets. Its clients are local authorities and are also in the social housing, healthcare, education, energy and infrastructure sectors. After the State, BNG is the largest SSA issuer in the Netherlands.