Davis Polk advised N.V. Bank Nederlandse Gemeenten (to be renamed BNG Bank N.V.) 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 $11.0 billion.

BNG Bank is a specialized lender to local and regional authorities as well as to public-sector institutions such as utilities, housing, healthcare, welfare and educational institutions and 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. BNG Bank also provides limited lending to public-private partnerships.

The Davis Polk corporate team included partner Reuven B. Young, counsel Connie I. Milonakis and associates Ida Araya-Brumskine and Catherine Billiet. Counsel Alon Gurfinkel and associate Omer Harel provided U.S. tax advice. Counsel Ann Becchina and associate Timothy John Durbin provided executive compensation advice. Members of the Davis Polk team are based in the London and New York offices.

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