Obligation Nederlandse Waterschapsbank 0% ( XS1305050582 ) en USD

Nederlandse Waterschapsbank

100 % ▲

Pays-Bas

XS1305050582 ( en USD )

13/10/2017 - Obligation échue

Prospectus brochure de l'obligation Nederlandse Waterschapsbank XS1305050582 en USD 0%, échue

200 000 USD

800 000 000 USD

L'Obligation émise par Nederlandse Waterschapsbank ( Pays-Bas ) , en USD, avec le code ISIN XS1305050582, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 13/10/2017

FINAL TERMS

8 March 2016

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$300,000,000 Floating Rate Notes due 13 October 2017 (the `Notes') (to be consolidated
with and form a single series with the currently outstanding issue of US$500,000,000 Floating Rate
Notes due 13 October 2017 issued on 13 October 2015 (the `Existing Notes'))
under the 60,000,000,000 Debt Issuance Program
PART A - CONTRACTUAL TERMS
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 2015 and the supplement to it
dated 4 September 2015 which together constitute a base prospectus (the `Base Prospectus') for the
purposes of Directive 2003/71/EC, as amended (the `Prospectus Directive'). 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 the Base Prospectus. 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.
The Base Prospectus has been published on https://www.nwbbank.com/funding-programmes.html and is
available for viewing at the registered office of the Issuer at Rooseveltplantsoen 3, 2517 KR The Hague,
the Netherlands. 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.
(i) Series Number:
1417

(ii) Tranche Number:
2

(iii) Date on which the Notes The
Rule
144A
Notes
shall
immediately be
become fungible:
consolidated,
form
a
single
series
and
be
interchangeable for trading purposes with the Existing
Notes.
The Reg S Notes shall be consolidated, form a single
series and be interchangeable for trading purposes with
the Existing Notes 40 days after the Issue Date.
3.
Specified Currency or Currencies:
USD
4.
Aggregate Nominal Amount:

(i) Series:
USD 800,000,000

(ii) Tranche:
USD 300,000,000
5.
Issue Price:
99.856 per cent. of the Aggregate Nominal Amount plus
57 days' accrued interest amounting to USD 352,497.50
from, and including the Interest Commencement Date

to, but excluding, the Issue Date
6.
(i) Specified Denominations:
USD 200,000 and integral multiples of USD 1,000 in
excess thereof

(ii) Calculation Amount:
USD 1,000

7.
(i) Issue Date:
10 March 2016

(ii) Interest Commencement Date:
13 January 2016
8.
Maturity Date:
13 October 2017
9.
Interest Basis:
3 month USD LIBOR + 0.120 per cent.
10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest Basis:
Not Applicable
12.
Put/Call Options:
Not Applicable
13.
Status of the Notes:
Senior
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions:
Not Applicable
15.
Floating Rate Note Provisions:
Applicable

(i) Specified Interest Period(s):
From (and including) the Specified Interest Payment
Date (or Interest Commencement Date) to (but
excluding) the next (or first) Specified Interest Payment
Date, up to the Maturity Date.

(ii) Specified Interest Payment 13 January, 13 April, 13 July and 13 October in each
Dates:
year, commencing on 13 April 2016, up to and including
the Maturity Date.

(iii) Business Day Convention:

- Business Day Convention:
Modified Following Business Day Convention
- Adjusted or Unadjusted for Interest Adjusted
Period calculation:

(iv) Business Centre(s):
New York, London and TARGET

(v) Manner in which the Rate of Screen Rate Determination
Interest is to be determined:

(vi) Screen Rate Determination:
Applicable

- Reference Rate:
3 month USD LIBOR

- Interest Determination Date(s):
2 London Business Days prior to the Specified Interest
Payment Date of the previous Interest Period. The
current Interest Rate was set on 11 January 2016.

- Relevant Screen Page:
Reuters Page LIBOR01

(vii) ISDA Determination:
Not Applicable

(viii) Linear Interpolation:
Not Applicable

(ix) Margin:
+ 0.120 per cent. per annum

(x) Minimum Rate of Interest:
Not Applicable

(xi) Maximum Rate of Interest:
Not Applicable

(xii) Day Count Fraction:
Actual/360
16.
Zero Coupon Note Provisions:
Not Applicable
17.
FX Linked Interest Note Provisions:
Not Applicable
18.
Inflation Linked Note Provisions:
Not Applicable
19.
CMS Linked Note Provisions
Not Applicable
20.
Dual Currency Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
21.
Issuer Call Option:
Not Applicable
22.
Investor Put Option:
Not Applicable
23.
Early Redemption:
Applicable

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

(ii) Redemption for tax reasons Not Applicable
(Condition 7.2) permitted at any
time:

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

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

(v) Early Redemption Unwind Not Applicable
Costs:

24.
Whether Condition 8(a) of the Notes Condition 8(b) applies and Condition 7.2 applies.
applies (in 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):

25.
Final Redemption Amount:
USD 1,000 per Calculation Amount
26.
FX
Linked
Redemption
Note Not Applicable
Provisions:
27.
Automatic
Early
Redemption Not Applicable
Provisions:
GENERAL PROVISIONS APPLICABLE TO THE NOTES
28.
Form of Notes:
Registered Notes
Regulation S Global Note (USD 250,000,000 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 principal
amount) registered in the name of a nominee for DTC.
29.
New Global Note:
No
30.
New Safekeeping Structure:
Applicable; but only as to Regulation S Global Note
31.
Form of Definitive Bearer Notes:
Not Applicable
32.
Financial Centre(s) or other special New York, London and TARGET
provisions relating to Payment
Dates:
33.
Talons for future Coupons or Not Applicable
Receipts to be attached to Definitive
Bearer Notes (and dates on which
such Talons mature):
34.
Details relating to Partly Paid Notes: Not Applicable
35.
Details relating to Installment Notes: Not Applicable
36.
Redenomination:
Not Applicable

PART B - OTHER INFORMATION
1. LISTING AND ADMISSTION TO
TRADING
(i) 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 10 March 2016.
The Existing Notes are already admitted to trading on
the Luxembourg Stock Exchange.
(ii) Estimate of total expenses related to 770
admission to trading:
2. RATINGS

Ratings:
The Program has been rated:

S&P: AAA (stable outlook)

Moody's: Aaa (stable 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, reduction or
withdrawal at any time by the assigning rating agency.
3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER
Save for any fees payable to the Managers, so far as the Issuer is aware, no person involved in the offer of
the Notes has an interest material to the offer. The Managers and their affiliates have engaged, and may in
the future engage, in investment banking and/or commercial banking transactions with, and may perform
other services for, the Issuer and its affiliates in the ordinary course of business.
4. REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(i) 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).
(ii) Estimated net proceeds:
USD 299,920,497.50 (including accrued interest)
(iii) Estimated total expenses:
EUR 770

5. OPERATIONAL INFORMATION

ISIN:
Reg S: XS1377516239 (temporary)
XS1305050582 (permanent)
144A: US63983TBA25
CUSIP:
144A: 63983TBA2
Common Code:
Reg S: 137751623 (temporary)
130505058 (permanent)
144A: 130519296
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:
Delivery:
Delivery against payment
Paying Agent(s):
Principal Paying Agent
Name, address and contact details of Principal Paying Agent
Calculation Agent:
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 have been met.
For the purpose of Condition 14, notices to be No
published in the Financial Times:
6. DISTRIBUTION

(i) Method of distribution:
Syndicated
(ii) If syndicated:
Applicable

(A) Names and addresses of Managers and Citigroup Global Markets Inc.
underwriting commitments/quotas:
388 Greenwich Street
New York, NY 10013
United States

USD 100,000,000

HSBC Bank plc
8 Canada Square
London E14 5HQ
United Kingdom

USD 100,000,000

The Toronto-Dominion Bank
60 Threadneedle Street
London EC2R 8AP
United Kingdom

USD 100,000,000
(B) Date of Syndication Agreement:
3 March 2016
(C) Stabilizing Manager(s) (if any):
Not Applicable
(iii) If non-syndicated, name and address of Not Applicable
Dealer:
(iv) Eligibility:
Rule 144A and Reg. S
(v) U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA not applicable
(vi) Offer Period
Not Applicable
(vii) Reduction of subscriptions
Not Applicable
(viii) Maximum and minimum subscription Not Applicable
amount
(ix) Names of Financial Intermediaries
Not Applicable
7. HISTORIC INTEREST RATES
Not Applicable
8. Performance of index, explanation of effect on value of investment and associated risks and other
information concerning the underlying
Details of historic and future LIBOR rates can be obtained from Reuters Page LIBOR01
9. Performance of rate of exchange and explanation of effect on value of investment
Not Applicable
10. TERMS AND CONDITIONS OF THE OFFER

Conditions to which the offer is subject:
Not Applicable
Description of the application process:
Not Applicable
Details of the method and time limits for Not Applicable
paying up and delivering the Notes:
Categories of potential investors to which the Not Applicable
Notes are offered and whether Tranche(s) have
been reserved for certain countries:
Name(s) and address(es), to the extent known None
to the Issuer, of the placers in the various
countries where the offer takes place: