On June 24, 2026, the New Development Bank (NDB) successfully priced a USD 50 million 3-year Floating Rate Note at SOFR plus 30 basis points, issued under its USD 50 billion Euro Medium Term Note (EMTN) Programme. This transaction marks the first time NDB has issued a bond in Macao SAR, China, representing an important milestone in the New Development Bank’s efforts to diversify its funding sources and expand its presence across various markets.
The Bond was issued in the format of a Lotus bond, with custody at the Macao Central Securities Depository (MCSD).
The placement was arranged by the Industrial and Commercial Bank of China (Macao) Limited.
Background Information
The New Development Bank is a multilateral development bank established in 2015 by Brazil, Russia, India, China and South Africa (BRICS), with the purpose of mobilizing resources for infrastructure and sustainable development projects in emerging markets and developing countries. In 2021, NDB welcomed its first non-founding members and continues to expand, positioning itself as a platform for wider collaboration among EMDCs. The Bank’s membership base currently stands at ten countries.