Norton Rose Fulbright advises FMO on US$500 million bond

Global law firm Norton Rose Fulbright has advised FMO, the Dutch entrepreneurial development bank, on the issuance of its US$500 million bond, the first benchmark USD issuance of 2026 by FMO.

The issuance of FMO's US$500 million Notes have a fixed interest rate of 3.50% and will mature in 2028. FMO will use the funds in line with its general corporate purposes, which include financing clients in support of sustainable private sector growth in developing and emerging markets.

The bond was placed globally with BNP Paribas, BofA Securities, Citi and HSBC acting as joint lead managers for the issuance.

The Norton Rose Fulbright deal team was led by Amsterdam-based capital markets partner Peter Voorhees and supported by counsel Chris Sanderson and associate Bea Byrne Hill. The wider Dutch team also included partner Joris Ravelli, counsel Thomas Ticheloven and associate Elizabeth Bosman. Tax advice was provided by partner Bart Le Blanc and associate Mark de Haan.

Commenting on the transaction, Peter Voorhees said: "We are very pleased to start the new year advising FMO on this issuance in support of its sustainable financing goals through the debt capital markets."