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NRW bond on Basic Law 75. Birthday: A year full of successes!
North Rhine-Westphalia is celebrating the 75th birthday of the Basic Law with a successful bond that offers stable returns for investors.
NRW bond on Basic Law 75. Birthday: A year full of successes!
On May 23, 2024, the state of North Rhine-Westphalia issued a bond to mark the 75th anniversary of the Basic Law. This bond aims to celebrate the values of the Basic Law and remind people of their relevance. Finance Minister Dr. Marcus Optendrenk emphasized that the bond not only serves as a strong signal for the capital market location, but also for the importance of the Basic Law. It gives citizens the opportunity to invest in the state of North Rhine-Westphalia and thus become part of a sustainable financial strategy.
The bond “75 Years of the Basic Law – The NRW Bond” has proven to be extremely successful and in demand in its first year. According to current surveys, purchase inquiries more than double the original issue volume. Dr. Optendrenk emphasized that the bond represents an attractive investment product with a fixed coupon of 3.0 percent p.a. with a term until May 24, 2027. This bond is aimed at private investors, with a minimum deposit of 1,000 euros required.
Details about the bond
The first day of trading fell on the historic 75th birthday of the Basic Law, which gives the issue additional weight. The bond was placed through a banking syndicate consisting of Commerzbank, Deutsche Bank, DZ Bank and Helaba. Other key data includes a total volume of the issue of 250 million euros and a repayment of 100% upon maturity. Interest payments are made annually on May 24, with the first long coupon due on May 24, 2025.
The state of North Rhine-Westphalia has consistently opted for transparency and regularly has credit ratings carried out by rating agencies. The bond currently has ratings of AAA (Fitch), Aa1 (Moody’s) and AA (S&P) – all with a stable outlook. This bond does not create any new debt; Rather, existing loans are replaced.
Sustainable financial strategy
The “75 Years of the Basic Law – The NRW Bond” is part of the state’s comprehensive sustainable financial strategy. North Rhine-Westphalia also attaches importance to the broad accessibility of this form of financing, as the bond is not only aimed at professional investors, but also invites all interested citizens to participate. This broad participation not only promotes citizens' desire to invest, but also strengthens the connection between the country and its residents.
With its bond, North Rhine-Westphalia not only consolidates its position in the capital market, but also sends a strong signal regarding the values and principles that are anchored in the Basic Law. The bond is traded on the stock exchanges under the securities identification number NRW0GG, which allows it to be bought and sold at any time until maturity.
The NRW bond is a promising option for all those who want to invest in a safe and sustainable investment. Those interested can obtain comprehensive information about the bond and its conditions via the information portal of North Rhine-Westphalia and the official financial administration.