NDB issues USD 1.5 billion benchmark bond - Seite 2

New Development Bank (NDB)

Issuer rating

AA+ (S&P) / AA+ (Fitch) / AAA (JCR) / AAA (ACRA)

Format

Reg S, Category 2

Size

USD 1,500,000,000

Settlement date

27 April, 2021

Maturity date

27 April, 2026

Yield

1.154% annual / 1.151% semi-annual

Coupon

1.125% per annum

Denominations

USD 200k+1k

Listing

Regulated Market of the Irish Stock Exchange, trading as Euronext Dublin

Lead managers

Citi, HSBC, ICBC, J.P. Morgan, Standard Chartered, TD Securities

In 2021, NDB plans to raise approximately USD 7 billion equivalent across international and domestic capital markets across different currencies and tenors with strong emphasis on ESG.

Background information

In December 2019, NDB registered its inaugural USD 50 billion Euro Medium Term Note Programme in the international capital markets. The Programme has been rated "AA+" by Fitch and has been assigned "AA+" long-term and "A-1+" short-term issue ratings by S&P.

The NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. The NDB received 'AA+' long-term issuer credit ratings from S&P and Fitch and 'AAA' foreign currency long-term issuer rating from Japan Credit Rating Agency (JCR) and Analytical Credit Rating Agency (ACRA).