NDB RMB Bond Programme_2025 Series 1_Supplemental Prospectus (EN)
NDB RMB Bond Programme_2025 Series 1_Supplemental Prospectus (CN)
NDB RMB Bond Programme 2024 Series 2 Base Prospectus (EN)
NDB RMB Bond Programme 2024 Series 2 Base Prospectus (CN)
NDB RMB Bond Programme 2024 Series 2 Supplemental Prospectus (EN)
NDB RMB Bond Programme 2024 Series 2 Supplemental Prospectus (CN)
NDB RMB Bond Programme 2024 Series 1 Supplemental Prospectus (EN)
NDB RMB Bond Programme 2024 Series 1 Supplemental Prospectus (CN)
NDB RMB Bond Programme_2023 Series 1_Supplemental Prospectus (EN)
NDB RMB Bond Programme_2023 Series 1_Supplemental Prospectus (CN)
NDB RMB Bond Programme_2023 Series 1_Base Prospectus (EN)
NDB RMB Bond Programme_2023 Series 1_Base Prospectus (CN)
The Programme with the maximum size of ZAR 10 billion and unlimited validity is listed on Johannesburg Stock Exchange (JSE) and governed by the laws of South Africa. Bonds issued under the Programme will constitute unsecured obligations of NDB, ranking equally with all of the Bank’s other unsecured and unsubordinated obligations. Standard Bank of South Africa acts as a lead-arranger for the Programme and Absa Bank is a co-arranger.
| Amount | ZAR 10bn |
| Coupon | Fixed or Floating Rate |
| Validity of the Programme | Unlimited |
| Instrument | Senior Unsecured |
| Listing | Johannesburg Stock Exchange (JSE) |
| Governing Law | Laws of South Africa |
| Lead-Arranger | Standard Bank of South Africa |
| Co-Arranger | Absa Bank |
| Dealers | Absa Bank, Nedbank, FirstRand Bank, Standard Bank of South Africa |
| JSE Debt Sponsor | Standard Bank of South Africa |
In December 2019, NDB registered its inaugural USD 50 billion Euro Medium Term Note Programme (EMTN Programme) in the international capital markets. The Programme has been rated “AA+” by Fitch and has been assigned “AA+” long-term and “A-1+” short-term issue ratings by S&P. The notes issued under the EMTN Programme will constitute the direct, unconditional obligations of NDB ranking pari passu among themselves and at least pari passu with all other present and future obligations of the Bank.
| Tenor | No restriction |
| Interest Rate | Fixed or Floating |
| Use of proceeds | General corporate purposes. The Notes may be referred to as “Green Bonds”, “Social Bonds” or “Sustainability Bonds” |
| Listing | London Stock Exchange |
Base Offering Memorandum Supplement (February 2023)
Base Offering Memorandum Supplement (July 2023)
New Development Bank 2022 Renminbi Bond (Series 3) (Bond Connect) Prospectus (EN)
New Development Bank 2022 Renminbi Bond (Series 3) (Bond Connect) Prospectus (CN)
New Development Bank 2022 Renminbi Bond (Series 2) (Bond Connect) Prospectus (EN)
New Development Bank 2022 Renminbi Bond (Series 2) (Bond Connect) Prospectus (CN)
New Development Bank 2022 Renminbi Bond (Series 1) (Bond Connect) Prospectus (EN)
New Development Bank 2022 Renminbi Bond (Series 1) (Bond Connect) Prospectus (CN)
New Development Bank 2021 Renminbi Bond (Series 1) (Bond Connect) Prospectus (EN)
New Development Bank 2021 Renminbi Bond (Series 1) (Bond Connect) Prospectus (CN)
On October 28, 2020, the NDB has successfully registered its second RMB Bond Programme in the China Interbank Bond Market. The NDB has been granted approval to raise up to RMB 20 billion in the China Interbank Bond Market within 2 years of the Programme registration date. The proceeds of the Programme will be used to finance infrastructure and sustainable development projects in the Bank’s member countries.
Bond offerings under the Programme will be eligible to institutional investors in the China Interbank Bond Market as well as offshore RMB investors through the Bond Connect scheme between Mainland China and Hong Kong.
Agricultural Bank of China, Bank of China, Bank of Communications, CITIC Securities, China Construction Bank, China International Capital Corporation, Credit Agricole Corporate and Investment Bank (China), DBS Bank (China), Deutsche Bank (China), HSBC Bank (China), Industrial and Commercial Bank of China and Standard Chartered Bank (China) have been appointed as the joint lead underwriters of the Programme.
New Development Bank 2020 Renminbi Bond (Series 2) (Bond Connect) Prospectus (EN)
New Development Bank 2020 Renminbi Bond (Series 2) (Bond Connect) Prospectus (CN)
In April 2019, NDB established its debut ECP Programme for liquidity management purposes. The Programme with the maximum size of USD 8 billion is established under the Regulation S of the United States Securities Act of 1933, as amended. Commercial papers issued under the Programme will be governed by English law and will constitute direct, unsecured obligations of the NDB, ranking equally with all of the Bank’s other unsecured and unsubordinated obligations. The ECP Programme is rated “A-1+” by S&P Global Ratings and “F1+” by Fitch Ratings.
| Amount | USD 8bn |
| CP Rating | A-1+ and F1+ (S&P and Fitch) |
| Format | Regulation S of the United States Securities Act of 1933, as amended |
| Governing Law | English law |
| Arranger | Citigroup |
| Dealers | Citigroup, Barclays, Goldman Sachs, JPMorgan, BRED Banque Populaire |
| Issue and Paying Agent | Citibank |
| Form of the Notes | Global Notes |
| Clearing | Euroclear and Clearstream |
On November 22, 2019, NDB registered its debut RUB bond Programme in Russia. The Programme was assigned the following identification number: 4-00005-L-001P-02E dated 22.11.2019. The Programme with the maximum size of RUB 100 billion and unlimited validity is listed on Moscow Exchange (MOEX) and governed by the laws of the Russian Federation. Bonds issued under the Programme will constitute unsecured obligations of NDB, ranking equally with all of the Bank’s other unsecured and unsubordinated obligations. Under the Programme, the Bank can issue bonds with the maturity of up to 20 years.
Information shall be disclosed on the website of LLC “Interfax-CRKI”:
https://www.e-disclosure.ru/portal/company.aspx?id=38028
| Amount | RUB 100bn |
| Coupon | Fixed or Floating Rate |
| Validity of the Programme | Unlimited |
| Tenor of the bonds | Up to 20 years |
| Issuer Rating | AA+ (S&P and Fitch) | AAA (JCR and ACRA) | AAA(RU) (ACRA) |
| Instrument | Senior Unsecured |
| Listing | Moscow Exchange (MOEX) |
| Governing Law | Laws of the Russian Federation |
New Development Bank 2019 Renminbi Bond (Series 1) (Bond Connect) Prospectus (EN)
New Development Bank 2019 Renminbi Bond (Series 1) (Bond Connect) Prospectus (CN)
New Development Bank 2016 Series-1 Green Financial Bond Prospectus (EN)
New Development Bank 2016 Series-1 Green Financial Bond Prospectus (CN)
New Development Bank 2016 Series-1 Green Financial Bond Duration Assurance (EN)
New Development Bank 2016 Series-1 Green Financial Bond Duration Assurance (CN)
Post Issuance Attestation Report of New Development Bank 2016 Series-1 Green Financial Bond (EN)
Post Issuance Attestation Report of New Development Bank 2016 Series-1 Green Financial Bond (CN)