On March 25, 2025, NDB priced a 3-year USD 1.25 billion benchmark… | New Development Bank (NDB)
Summary
On March 25, 2025, NDB priced a 3-year USD 1.25 billion benchmark bond with a 4.375% annual coupon, set for issuance on March 31, 2025, under its Euro Medium Term Note Programme. The bond generated strong demand, with the order book reaching approximately USD 2 billion from 35 investors. The investor base was geographically diverse, with 82% from Asia; 16% from Europe, the Middle East and Africa; and 2% from the Americas. "The successful issuance demonstrates strong investor confidence in NDBs financial stability and mandate. NDB is dedicated to enhancing its presence in bond markets, issuing in both hard and local currencies, while diversifying funding sources to support its expanding project portfolio," said Monale Ratsoma, Vice President and Chief Financial Officer.