Davis Polk Advises Nederlandse Waterschapsbank Bank N.V. on Its €60 Billion Debt Issuance Program Update

Davis Polk advised Nederlandse Waterschapsbank Bank N.V. (“NWB Bank”) in connection with the annual update of its €60 billion Rule 144A/Regulation S debt issuance program. In the 12 months prior to the update, Davis Polk advised NWB Bank in connection with senior notes issuances totaling €3.65 billion.

NWB Bank is a specialized lender to the public sector primarily in the Netherlands, providing short-term and long-term financing to water boards, municipal and provincial authorities as well as to other public sector institutions such as social housing corporations, health care and educational institutions.

The Davis Polk corporate team included partner Reuven B. Young, counsel Connie I. Milonakis and associate Ida F. Araya-Brumskine. Partner John D. Paton, counsel Alon Gurfinkel and associate Omer Harel provided U.S. tax advice. Partner Jonathan Cooklin and associate Dominic Foulkes provided U.K. tax advice. Associate Brantley Hawkins provided 1940 Act advice. The members of the Davis Polk team are based in the London and New York offices.