On April 8, 2025, the New Development Bank (NDB) successfully priced a 3-year CNY 7 billion Panda Bond paying an annual coupon of 1.82%, in the China Interbank Bond Market. This issuance reinforces NDB’s position as the largest Panda Bond issuer, with a cumulative issuance size of CNY 68.5 billion.
Despite recent market volatility, the order book exceeded CNY 9 billion in the book building process, demonstrating strong investor demand and confidence in the NDB.
The issuance attracted strong interest from a diversified local and foreign investor base, including Central Banks, Insurance Companies and Bank Treasuries.
The net proceeds from the sale of the bond will be used to finance infrastructure and sustainable development projects in NDB member countries.