The State of North Rhine-Westphalia issued its tenth Sustainability Bond with a volume of 2 billion euros and a tenor of 10 years in May 2023 to finance sustainable projects of the State. The Bond thus particularly aims at investors who value sustainable investments. The Sustainability Bond includes social and environmental projects, for example in the fields of education, research, renewable energies, climate protection, digitization and infrastructure. For the first time, it is shown for the Bond’s social projects how they would fit the proposed Social Taxonomy using a high-level AAAQ analysis.

At the end of May 2021, the State of North Rhine-Westphalia issued its eighth Sustainability Bond with a record volume of 3.5 billion euros (tenors of 10 and 20 years) to finance social and environmental projects of the State. For the first time, the Bond was issued in compliance with the new framework. The Bond finances 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 State of North Rhine-Westphalia issued again a Sustainability Bond in November 2019. Net proceeds finance environmental and social projects of the budgetary year 2019.

The State of NRW issued its fourth Sustainability Bond in March 2018. The bond is designed for investors focusing on Socially Responsible Investments (SRI).

Following the inaugural issuance from 2015, 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).