New Development Bank prices USD 2 billion benchmark bond to further support COVID emergency response - Seite 3

Annemarie Ganatra, Managing Director, Capital Markets at Standard Chartered Bank said: "Standard Chartered is honoured to support New Development Bank's highly successful second USD benchmark bond issuance.  The 5yr issue, NDB's largest to date, achieved a flat yield and spread to the outstanding 3yr USD benchmark, and attracted a diverse and high-quality order book; a testament to the borrower's strong profile in the international SSA markets."

Bond Summary Terms

Issuer	New Development Bank (NDB)
Issuer rating	AA+ (S&P) / AA+ (Fitch) / AAA (JCR) / AAA (ACRA)
Format	Reg S, Registered form
Size	USD 2,000,000,000
Settlement date	29 September, 2020
Maturity date	29 September, 2025
Issue price	99.651%
Issue yield	0.695%
Coupon	0.625%, Fixed, Annual 30/360
Denomination	USD 200k+1k
Listing	Euronext Dublin Regulated Market – Irish Stock Exchange
Lead managers	Bank of China, Barclays, Citi, Goldman Sachs International, Standard Chartered Bank
Co-managers	China Construction Bank, Industrial and Commercial Bank of China Limited, HSBC, Nomura, TD Securities, Royal Bank of Canada