On April 19, 2023, the New Development Bank (NDB) successfully priced a USD 1.25 bln 3-year benchmark green bond under the Bank’s USD 50 bln Euro Medium Term Note Programme. The issuance represents NDB’s return to the international capital markets and is also the first USD Green Bond issued by the Bank, demonstrating its commitment to sustainable capital markets.
The net proceeds from the issuance of the bond will be allocated to finance and/or refinance eligible green projects as defined in the NDB’s Sustainable Financing Policy Framework and it will be used exclusively in Brazil, India, China and South Africa.
Citi, Credit Agricole CIB, HSBC and ICBC acted as the joint lead managers to the issuance. CACIB also acted as the Green Structuring Advisor.
Download USD Green Bond Pricing Supplement
Download Allocation Report for NDB’s USD 1.25 Billion 5.125% Green Bond due 26 April 2026
Read press release: NDB launches new USD 1.25bn 3-year Green Bond