Davis Polk advised N.V. Bank Nederlandse Gemeenten (“BNG Bank”) in connection with the annual update of its €100 billion Rule 144A/Regulation S debt issuance program. In the 12 months prior to the update, Davis Polk advised BNG Bank in connection with senior notes issuances totaling $11.975 billion.
BNG Bank is a specialized lender to local and regional authorities as well as to public-sector institutions such as utilities, housing, health care, welfare and educational institutions. BNG Bank is the largest public-sector lender in the Netherlands and the principal bank for the Dutch public sector in terms of loans, advances and inter-governmental money transfers.
The Davis Polk corporate team included partner Reuven B. Young, counsel Connie I. Milonakis and associate Ida Araya-Brumskine. Partner John D. Paton, counsel Alon Gurfinkel and associate Omer Harel provided U.S. tax advice. Associate Jake H. Wang provided 1940 Act advice. Members of the Davis Polk team are based in the London and New York offices.