Indicate whether you encourage transparency and disclosure relating to the issuance of themed bonds as per the Green Bonds Principles, Social Bond Principles, or Sustainability Bond Guidelines..
Describe the actions you take when issuers do not disburse bond proceeds as described in the offering documents.
If issuers are not disbursing bond proceeds as committed to, we would initially engage with them to understand why this has been the case. In case this will not lead to a full disbursement as has been committed to in the short run, the bond will be re-assessed in NN IP’s monthly green bond workstream and could lead to removing the eligibility label of the bond. If unlabelled the bond will have to be sold within 3 months.
Additional information. [Optional]