Obligation Nederlandse Waterbank 1% ( XS1374309752 ) en GBP

Société émettrice Nederlandse Waterbank
Prix sur le marché 100 %  ⇌ 
Pays  Pays-Bas
Code ISIN  XS1374309752 ( en GBP )
Coupon 1% par an ( paiement annuel )
Echéance 09/12/2019 - Obligation échue



Prospectus brochure de l'obligation Nederlandse Waterschapsbank XS1374309752 en GBP 1%, échue


Montant Minimal 100 000 GBP
Montant de l'émission 400 000 000 GBP
Description détaillée La Nederlandse Waterschapsbank est une banque publique néerlandaise spécialisée dans le financement des projets d'aménagement hydraulique et de gestion de l'eau.

L'Obligation émise par Nederlandse Waterbank ( Pays-Bas ) , en GBP, avec le code ISIN XS1374309752, paye un coupon de 1% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 09/12/2019







Final Terms dated 19 December 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 GBP 150,000,000 1.000 per cent. Fixed Rate Notes due 9 December 2019 (the Notes) (to be
consolidated and form a single series with the existing GBP 250,000,000 1.000 per cent Fixed Rate
Notes due 9 December 2019 issued on 3 March 2016 (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 Conditions (the `Conditions') set forth
in the base prospectus dated 28 April 2015 and the supplements to it dated 4 September 2015 and 17 March 2016 which
are incorporated by reference in the Base Prospectus dated 28 April 2016. This document constitutes the Final Terms of
the Notes described herein for the purposes of Article 5.4 of Directive 2003/71/EC, as amended (the `Prospectus
Directive') and must be read in conjunction with the Base Prospectus dated 28 April 2016 and the supplement(s) to it
dated 31 August 2016, which together constitute a base prospectus for the purposes of the Prospectus Directive (the
`Base Prospectus'), save in respect of the Conditions which are extracted from the base prospectus dated 28 April 2015
and the supplements to it dated 4 September 2015 and 17 March 2016. 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') and, only with respect to Tranches of Notes which are solely offered and sold
by the Issuer and/or the Dealers in bearer form outside the United States to non-U.S. persons in reliance on Regulation
S, from Banque Internationale à Luxembourg, 69, route d'Esch, 2953 Luxembourg, Grand Duchy of Luxembourg (the
`Non-U.S. Paying Agent').
1.
Issuer:
Nederlandse Waterschapsbank N.V.
2.
(i) Series Number:
1426
(ii) Tranche Number:
2
(iii) Date on which the Notes become fungible:
The Notes shall be consolidated, form a single series
and be interchangeable for trading purposes with the
Existing Notes on exchange of the Temporary Global
Note for interests in the Permanent Global Note, as
referred to in paragraph 28 below which is expected to
occur on or after 40 days after the Issue Date
3.
Specified Currency or Currencies:
GBP
4.
Aggregate Nominal Amount:
(i) Series:
GBP 400,000,000
(ii) Tranche:
GBP 150,000,000
5.
Issue Price:
100.913 per cent. of the Aggregate Nominal Amount
plus accrued interest from 9 December 2016 to, but
excluding, the Issue Date, amounting to GBP 49,315.07.
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6.
(i) Specified Denominations:
GBP 100,000 and integral multiples of GBP 1,000 in
excess thereof up to and including GBP 199,000. No
Notes in definitive form will be issued with a
denomination above GBP 199,000.
(ii) Calculation Amount:
GBP 1,000
7.
(i) Issue Date:
21 December 2016
(ii) Interest Commencement Date:
9 December 2016
8.
Maturity Date:
9 December 2019
9.
Interest Basis:
1.000 per cent. per annum Fixed Rate
(See paragraph 14 below)
10.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the Maturity
Date at 100 per cent. of their nominal amount
11.
Change of Interest Basis:
Not Applicable
12.
Put/Call Options:
Not Applicable
13.
(i) Status of the Notes:
Senior
(ii) Date board approval for issuance of
Not Applicable
Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions:
Applicable
(i) Fixed Rate of Interest:
1.000 per cent. per annum payable annually in arrear on
each Interest Payment Date
(ii) Interest Payment Date(s):
9 December in each year, commencing and including 9
December 2017 up to and including the Maturity Date
(iii) Business Day Convention:
- Business Day Convention:
Following Business Day Convention
- Adjusted or Unadjusted for Interest
Unadjusted
Period calculation:
(iv) Fixed Coupon Amount:
GBP 10.00 per Calculation Amount
(v) Broken Amount(s):
Not Applicable
(vi) Day Count Fraction:
Actual/Actual (ICMA)
(vii) Interest Determination Date(s):
9 December in each year
15.
Floating Rate Note Provisions:
Not Applicable
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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) payable on Final Redemption Amount
redemption:
(ii) Redemption for tax reasons (Condition 7.2) Applicable
permitted at any time:
(iii) Redemption for tax reasons (Condition 7.2) Not Applicable
permitted on Interest Payment Dates only:
(iv) Unmatured Coupons to become void upon Applicable
early redemption:
(v) Early Redemption Unwind Costs:
Not Applicable
24.
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):
25.
Final Redemption Amount:
GBP 1,000 per Calculation Amount
26.
FX Linked Redemption Note Provisions:
Not Applicable
27.
Automatic Early Redemption Provisions:
Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
28.
Form of Notes:
Bearer Notes
Temporary Bearer Global Note exchangeable from 40
days after the Issue Date, upon certification as to non-
U.S. beneficial ownership, for interests in a Permanent
Bearer Global Note which is exchangeable for
Definitive Bearer Notes only upon the occurrence of an
Exchange Event.
29.
New Global Note:
Yes
30.
New Safekeeping Structure:
Not Applicable
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31.
Form of Definitive Bearer Notes:
Standard Euromarket
32.
Financial Centre(s) or other special provisions London, TARGET2
relating to Payment Dates:
33.
Talons for future Coupons or Receipts to be Not Applicable
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
PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for issue and admission to listing and trading on the Luxembourg
Stock Exchange of the Notes described herein pursuant to the 60,000,000,000 Debt Issuance Program of Nederlandse
Waterschapsbank N.V.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms. To the best of the knowledge and
belief of the Issuer (which has taken all reasonable care to ensure that such is the case) the information contained in
these Final Terms is in accordance with the facts and does not omit anything likely to affect the import of such
information.
Signed on behalf of the Issuer:
By: ......................
Duly authorised
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PART B - OTHER INFORMATION
1. LISTING AND ADMISSION TO TRADING
(i) Admission to trading:
Application has been made by the Issuer (or on its
behalf) for the Notes to be admitted to trading on the
Luxembourg Stock Exchange with effect from 21
December 2016. The Existing Notes are already
admitted to trading on the Luxembourg Stock
Exchange.
(ii) Estimate of total expenses related to admission to trading:
EUR 925
2. RATINGS
Ratings:
The Notes to be issued have been rated:
S&P: AAA (stable outlook)
Moody's: Aaa (stable outlook)
Each of Standard & Poor's Credit Market Services
Europe Limited 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 Credit
Market Services Europe Limited 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:
GBP 151,418,815.07
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5. YIELD
Indication of yield
0.688 per cent. per annum
The yield is calculated at the Issue Date on the basis
of the Issue Price. It is not an indication of future
yield.
6. OPERATIONAL INFORMATION
ISIN:
Temporary ISIN: XS1539094661
Permanent ISIN: XS1374309752
Common Code:
Temporary Common Code: 153909466
Permanent Common Code: 137430975
Any clearing system(s) other than DTC, Euroclear Bank Not Applicable
S.A./N.V./ and Clearstream Banking, société anonyme and the
relevant Identification numbers:
Delivery:
Delivery against payment
Paying Agent(s):
Non-U.S. Paying Agent
Name, address and contact details of Calculation Agent:
Non-U.S. Paying Agent
Intended to be held in a manner which would allow Yes. Note that the designation "yes" simply means
Eurosystem eligibility:
that the Notes are intended upon issue to be deposited
with one of the ICSDs as common safekeeper and
does not necessarily mean that the Notes will be
recognised 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 ECB being satisfied that Eurosystem eligibility
criteria have been met.
For the purpose of Condition 14, notices to be published in the No
Financial Times:
7. DISTRIBUTION
(i) Method of distribution:
Syndicated
(ii) If syndicated:
Applicable
(A) Names and addresses of Managers
RBC Europe Limited
Riverbank House
2 Swan Lane
London EC4R 3BF
United Kingdom
Scotiabank Europe plc
201 Bishopsgate
6th Floor
London EC2M 3NS
United Kingdom
(B) Date of Syndication Agreement:
19 December 2016
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(C) Stabilizing Manager(s) (if any):
Not Applicable
(iii) If non-syndicated, name and address of Dealer:
Not Applicable
(iv) Eligibility:
Reg. S only
(v) U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D
(vi) Offer Period:
Not Applicable
(vii)Reduction of subscriptions:
Not Applicable
(viii) Maximum and minimum subscription amount:
Not Applicable
(ix) Names of Financial Intermediaries:
Not Applicable
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Document Outline