Investor Relations

NDB overview and recent achievements

The New Development Bank (NDB) is a multilateral development bank established by the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa (BRICS) in accordance with the Agreement on the New Development Bank signed on 15 July 2014.

The purpose of the NDB is to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries. For more detailed information about the projects financed by the NDB, please refer to the list of projects.

The NDB has AA+/AA+/AAA long-term international credit ratings with stable outlook from S&P Global Ratings, Fitch Ratings, and Japan Credit Rating Agency (JCR) respectively and domestic AAA credit ratings with stable outlook in China from China Chengxin International Credit Rating Co. Ltd (“CCXI”) and China Lianhe Credit Rating Co., Ltd. (“Lianhe Ratings”)
Rating reports are available in Credit Ratings subsection.

The NDB has an initial authorized capital of USD 100 billion and initial subscribed capital of USD 50 billion of which USD 10 billion constitute paid in capital payable by the founding members in seven installments according to the schedule prescribed in the Agreement on the NDB. The initial subscribed capital is equally distributed amongst the founding members.

In July 2016, the NDB issued its debut bond in China. It was the first time that an international financial institution issued a green financial bond in the China Interbank Bond Market. The size of the issue is CNY 3 billion (USD 450 million). The bond has a 5-year tenor and nominal interest rate of 3.07%.

In February 2019, the NDB successfully placed CNY 3 billion bond in the China Interbank Bond Market under the debut Programme registered in January 2019. The bond was placed in two tranches with maturities of 3 years (CNY 2 billion) and 5 years (CNY 1 billion) with coupon rates of 3% and 3.32% respectively. The NDB became the first international issuer to establish an onshore RMB bond programme and to make offering under the Ministry of Finance and the People’s Bank of China new legislation (“Interim Measures for the Administration of Bond Issuance by Overseas Institutions in the National Interbank Bond Market under the People’s Bank of China and Ministry of Finance Announcement [2018] No.16) issued on September 25, 2018.

In April 2019, the NDB established its ECP Programme for liquidity management purposes and registered its debut bond Programme in South Africa.

Highlights of borrowing activities of the Bank are available in Borrowings subsection.

In December 2018, the NDB received observer status in the UN General Assembly, establishing a firm basis for active and fruitful cooperation with the United Nations.

For more details about the NDB, its recent developments and the latest financial results please refer to our investor presentation and financial statements.

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