Sustainability Bonds

Since 2015, the State of North Rhine-Westphalia regularly issues Sustainability Bonds referring to social and environmental projects. The target group of these bonds are investors who value sustainable investments.

2024

Sustainability Bond #11 of the State of North Rhine-Westphalia

The State of North Rhine-Westphalia issued another Sustainability Bond in October 2024. This Sustainability Bond has a volume of 1.25 billion euros and a tenor of five years and refers to more than 50 social and environmental projects. The projects come from areas such as education, research, health, local public transport, climate protection and digitalization. The State is thus particularly targeting investors who value sustainability and responsible investment.

Two hands are holding some coins from which a small plant is growing.
2023

Sustainability Bond #10 of the State of North Rhine-Westphalia

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.

A plant growing in a glass that is filled with Euro Cent coins
2022

Sustainability Bond #9 of the State of North Rhine-Westphalia

The State of North Rhine-Westphalia issued its ninth Sustainability Bond with a total volume of 3.5 billion euros (tenors 10 and 30 years) in June 2022 to finance social and environmental projects of the State. The Bond targets particularly investors who value sustainable investments. For the first time, the extent to which the environmental projects of the Bond are aligned with the EU taxonomy regulation have been assessed.

A seedling growing amid a pile of coins on potting soil in front of a blurry green background showing plants.
2021

Sustainability Bond #8 of the State of North Rhine-Westphalia

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.

Plants growing on coin piles and next to it coins in a glass with a plant growing from it.
2020

Sustainability Bond #7 of the State of North Rhine-Westphalia

The State of North Rhine-Westphalia issued its seventh Sustainability Bond on October 5, 2020. The bond has a size of 2.4 billion € and a tenor of 15 years and serves to finance social and environmental projects of the State.

Plants are growing from a glass full of cash
2019

Sustainability Bond #6 of the State of North Rhine-Westphalia

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.

Plants growing out of coin piles
2019

Sustainability Bond #5 of the State of North Rhine-Westphalia

The State of NRW issued again a Sustainability Bond in March 2019. The Sustainability Bonds are targeted at investors who value sustainable and responsible investment.

Plants growing out of coin piles
2018

Sustainability Bond #4 of the State of North Rhine-Westphalia

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

Plant growing out of a coin pile
2017

Sustainability Bond #3 of the State of North Rhine-Westphalia

The State of NRW issued its third Sustainability Bond in February 2017. The bond is designed for investors focusing on Socially Responsible Investments (SRI).

Plant growing out of a glass full of cash
2016

Sustainability Bond #2 of the State of North Rhine-Westphalia

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).

Plant growing out of a glass full of cash
2015

Sustainability Bond #1 of the State of North Rhine-Westphalia

In December 2014 the government of the State of North Rhine-Westphalia decided to issue its first State Treasury Note in a “Sustainibility Bond” format in 2015.

Plant growing out of a glass full of cash

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