China based Supranational New Development Bank, The has finalised a private placement in the USD Floating Rate Euro Medium Term Note market. The financing matures in 2027 and was executed by a single dealer.
A Euro bond is a bond or other type of negotiable debt instrument issued in the offshore international, also called eurobond, market. The ISIN of a Euro Market bond always starts with XS. It can be denominated in any freely tradeable currency.
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| Issuer Details | |
| Issuer | New Development Bank, The |
| LEI | 254900VPI91W77OOUM06 |
| Industry | Government - Supranational Institutions |
| Country | China |
| Issuer Description | The New Development Bank (NDB) is a multilateral development bank established by Brazil, Russia, India, China and South Africa (BRICS) with the purpose of mobilising resources for infrastructure and sustainable development projects in emerging markets and developing countries (EMDCs). NDB has an initial authorised capital of USD 100 billion with the founding members having an initial subscription totalling USD 50 billion, which include a paid-in capital of USD 10 billion and a callable capital of USD 40 billion. The initial subscribed capital was equally distributed. In 2021, NDB Board of Governors approved the admission of Bangladesh, UAE, Egypt and Uruguay into NDB family, heralding the beginning of the Bank’s expansion as a global multilateral institution. |
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| Trade Details | |
| Security Type | MTN |
| Amount | USD [Login to see full details] |
| Total Amount including taps | USD [Login to see full details] |
| Total Amount Outstanding | USD [Login to see full details] |
| Total Order Book | USD [Login to see full details] |
| Structure | Floating Rate |
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A Euro bond is a bond or other type of negotiable debt instrument issued in the offshore international, also called eurobond, market. The ISIN of a Euro Market bond always starts with XS. It can be denominated in any freely tradeable currency.
Check here for all issuer’s year to date financings.