Obbligazione Nederlandse Waterbank 0.375% ( XS1076674156 ) in USD

Nederlandse Waterbank

100 USD ⇌

Paesi Bassi

XS1076674156 ( in USD )

0.375% per anno ( pagato 2 volte l'anno)

14/12/2015 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Nederlandse Waterschapsbank XS1076674156 in USD 0.375%, scaduta

200 000 USD

1 500 000 000 USD

La Nederlandse Waterschapsbank è un'istituzione finanziaria olandese che fornisce finanziamenti e servizi a livello nazionale per la gestione delle acque e l'infrastruttura idraulica.

The Obbligazione issued by Nederlandse Waterbank ( Netherlands ) , in USD, with the ISIN code XS1076674156, pays a coupon of 0.375% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 14/12/2015

FINAL TERMS
16 June 2014
NEDERLANDSE WATERSCHAPSBANK N.V.
(incorporated under the laws of the Netherlands with limited liability and having its corporate seat in The Hague)
Issue of US$100,000,000 0.375% Notes due 14 December 2015 (the `Notes') (to be consolidated with and form a
single series with the currently outstanding issue of US$1,500,000,000 0.375% Notes due 14 December 2015 (the
`Existing Notes') under the 60,000,000,000 Debt Issuance Program
This document constitutes the Final Terms relating to the issue of Notes described herein. Terms used herein shall
be deemed to be defined as such for the purposes of the Terms and Conditions of the Notes (the `Conditions') set forth
in the Base Prospectus dated 28 April 2014 and the supplemental prospectus dated 3 June 2014, which together
constitute a base prospectus for the purposes of Directive 2003/71/EC (the `Prospectus Directive' which term includes
Directive 2010/73/EU (the `2010 PD Amending Directive') to the extent implemented in a relevant member state of the
European Economic Area in which the Notes are issued (each, a `Relevant Member State')). This document constitutes
the Final Terms of the Notes described herein for the purposes of Article 5(4) of the Prospectus Directive and must be
read in conjunction with such Base Prospectus as so supplemented. Full information on the Issuer and the offer of the
Notes is only available on the basis of the combination of these Final Terms and the Base Prospectus as so
supplemented. The Base Prospectus as so supplemented is available for viewing at the registered office of the Issuer at
Rooseveltplantsoen 3, 2517 KR The Hague, the Netherlands. A copy will also be available from the Issuer's website
https://www.nwbbank.com/funding-programmes.html. In addition, copies may be obtained from Citibank N.A.,
Citigroup Centre Canada Square, Canary Wharf, London E14 5LB, United Kingdom (the `Principal Paying Agent').
1.
Issuer:
Nederlandse Waterschapsbank N.V.
2.
(a)
Series Number:
1390

(b)
Tranche Number:
2
3.
Specified Currency or Currencies:
USD
4.
Aggregate principal amount:

Tranche:
USD 100,000,000

Series:
USD 1,600,000,000
5.
(a)
Issue Price of Tranche:
99.957 per cent. of the aggregate principal amount
plus 6 days' accrued interest amounting to USD
6,250 from, and including the Interest
Commencement Date to, but excluding the issue
date

(b)
Net proceeds:
USD 99,963,250.00 (including accrued interest)
6.
(a)
Specified Denominations:
USD 200,000 and integral multiples of USD 1,000
in excess thereof

(b)
Calculation Amount:
USD 1,000

7.
(a)
Issue Date:
18 June 2014

(b)
Interest Commencement Date:
12 June 2014
8.
Maturity Date:
14 December 2015
9.
Interest Basis:
0.375 per cent. Fixed Rate

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10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest Basis:
Not Applicable
12.
Investor Put/Issuer Call Options:
Not Applicable
13.
Automatic Early Redemption:
Not Applicable
14.
Dual Currency Note Provisions:
Not Applicable
15.
Status of the Notes:
Senior
16.
(a) Listing and admission to trading:
Application has been made by the Issuer (or on its
behalf) for the Notes to be admitted to listing and
trading on the Luxembourg Stock Exchange with
effect from 18 June 2014.

The Existing Notes are already admitted to trading
on the Luxembourg Stock Exchange.

(b) Estimate of total expenses related to
700
admission to trading:
17.
Offer solely outside the United States in reliance
Not Applicable
on Regulation S:
18.
Method of distribution:
Non- syndicated
19.
Name, address and contact details of Calculation
Principal Paying Agent
Agent:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
20.
Fixed Rate Note Provisions:
Applicable

(a)
Fixed Rate(s) of Interest:
0.375 per cent. per annum payable semi-annually
in arrear

(b)
Interest Payment Date(s):
14 December and 14 June in each year up to and
including the Maturity Date, commencing on 14
December 2014 (long first coupon)

(c)
Fixed Coupon Amount:
USD 1.88 per Calculation Amount

(d)
Broken Amount(s):
USD 1.90 per Calculation Amount, payable on the
Interest Payment Date on 14 December 2014

(e)
Day Count Fraction:
30/360, unadjusted

(f)
Interest Determination Date(s):
Not Applicable
21.
Floating Rate Note Provisions:
Not Applicable
22.
Zero Coupon Note Provisions:
Not Applicable
23.
FX Linked Interest Note Provisions:
Not Applicable
24.
Inflation Linked Note Provisions:
Not Applicable
25.
CMS Linked Note Provisions
Not Applicable

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PROVISIONS RELATING TO REDEMPTION
26.
Issuer Call Option:
Not Applicable
27.
Investor Put Option:
Not Applicable
28.
Early Redemption:
Applicable

(a) Early Redemption Amount(s) payable on
USD 1,000 per Calculation Amount
redemption:

(b) Redemption for tax reasons (Condition 7.2)
Applicable
permitted on days other than Interest
Payment Dates:

(c) Redemption for tax reasons (Condition 7.2)
Applicable
permitted on Interest Payment Dates:

(d) Unmatured Coupons to become void upon
Applicable
early redemption:

(e) Early Redemption Unwind Costs:
Not Applicable
29.
Whether Condition 8(a) of the Notes applies (in
Condition 8(b) applies and Condition 7.2 applies.
which case Condition 7.2 (Redemption for tax
reasons) of the Notes will not apply) or whether
Condition 8(b) of the Notes applies (in which
case Condition 7.2 (Redemption for tax reasons)
may be specified as being Applicable):

30.
Final Redemption Amount:
USD 1,000 per Calculation Amount
31.
FX Linked Redemption Note Provisions:
Not Applicable
32.
Automatic Early Redemption Provisions:
Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
33.
Form of Notes:

(a) Form:
Registered Notes

Regulation S Global Note (USD 50,000,000.00
principal amount) registered in the name of a
nominee for a common safekeeper for Euroclear
and Clearstream, Luxembourg.

Rule 144A Global Note (USD 50,000,000.00
principal amount) registered in the name of a
nominee for DTC.

(b) New Global Note:
Not Applicable

(c) New Safekeeping Structure:
Applicable; but only as to Regulation S Global
Note

(d) Form of Definitive Bearer Notes:
Not Applicable
34.
Financial Centre(s) or other special provisions
New York, London and TARGET2
relating to Payment Dates:

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35.
Talons for future Coupons or Receipts to be
Not Applicable
attached to Definitive Bearer Notes (and dates on
which such Talons mature):
36.
Details relating to Partly Paid Notes:
Not Applicable
37.
Details relating to Installment Notes:
Not Applicable
38.
Redenomination:
Not Applicable
DISTRIBUTION

39.
(a) If syndicated, names of Managers:
Not Applicable

(b) Date of Subscription Agreement:
Applicable

11 June 2014

(c) Stabilizing Manager(s) (if any):
Not Applicable
40.
If non-syndicated, name of Dealer:
J.P. Morgan Securities plc
41.
Names of Financial Intermediaries:
Not Applicable
42.
Eligibility:
Rule 144A and Reg. S
43.
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA not
applicable
OPERATIONAL INFORMATION

44.
Any clearing system(s) other than DTC,
Not Applicable
Euroclear Bank S.A./N.V./ and Clearstream
Banking, société anonyme and the relevant
Identification numbers:
45.
Delivery:
Delivery against payment
46.
Paying Agent(s):
Principal Paying Agent
47.
Offer Period:
Not Applicable
48.
Reduction of subscriptions:
Not Applicable
49.
Maximum and minimum subscription amount:
Not Applicable
50.
Intended to be held in a manner which would
Yes
allow Eurosystem eligibility:

Note that the designation `yes' simply means that
the Notes are intended upon issue to be deposited
with one of the International Central Securities
Depositories (`ICSDs') as common safekeeper,
and registered in the name of a nominee of one of
the ICSDs acting as common safekeeper, that is,
held under the new safekeeping structure as
designated by the European Central Bank, and
does not necessarily mean that the Notes will be
recognized as eligible collateral for Eurosystem
monetary policy and intra-day credit operations by
the Eurosystem either upon issue or at any or all
times during their life. Such recognition will
depend upon the European Central Bank being
satisfied that the Eurosystem eligibility criteria

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have been met.
51.
For the purpose of Condition 14, notices to be
No
published in the Financial Times:

ISIN:
Regulation S Tranche: XS1076674156
Rule 144A Tranche: US63983TAS42

CUSIP:
Rule 144A Tranche: 63983TAS4

Common Code:
Regulation S Tranche: 107667415
Rule 144A Tranche: 107662685

52.
Ratings:
The Notes to be issued have been rated:

S&P: AA+ (stable outlook)

Moody's: Aaa (negative outlook)

Each of Standard & Poor's Ratings Services, a
division of The McGraw-Hill Companies Inc., and
Moody's Investors Service Limited is established
in the European Union and registered under
Regulation (EC) No 1060/2009, as amended. As
such, each of Standard & Poor's Ratings Services,
a division of The McGraw-Hill Companies Inc.,
and Moody's Investors Service Limited is included
in the list of credit rating agencies published by the
European Securities and Markets Authority on its
website in accordance with such Regulation.

A rating is not a recommendation to buy, sell or
hold Notes and may be subject to suspension,
change or withdrawal at any time by the assigning
rating agency.
53.
Interests of natural and legal persons involved in
Save for any fees payable to the Dealers, so far as
the Issue:
the Issuer is aware, no person involved in the issue
of the Notes has an interest material to the offer.
54.
Reasons for the offer, estimated net proceeds and

total expenses:

(a) Reasons for the offer/Use of Proceeds:
The net proceeds will be applied by the Issuer for
its general corporate purposes (which include
profit making).

(b) Estimated net proceeds:
USD 99,963,250.00
55.
Indication of yield
0.391 per cent. (semi-annual basis)

The yield is calculated at the Issue Date on the
basis of the Issue Price. It is not an indication of
future yield.

56.
Historic Interest Rates
Not Applicable
57.
Not Applicable
58.
Not Applicable

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