Empowering Nations Through Innovation and Sustainability
Case Study: CNY 5bn, 3.22%, March 2024 SDG Bond •
SDG Impact
DISTRIBUTION BY REGION
Highlights
Instrument
Listing
Pricing
Settlement
Joint Lead Underwriters
Tenor
Maturity
Size¹
Coupon
Senior Unsecured
China Interbank Bond Market
March 23-24th, 2021
March 25th, 2021
BOC, ICBC, ABC, BOCOM, DB, DBS, CITIC
3-year
March 25th, 2024
'
CNY 5bn (US$ 750mn)
3.22%
China
Mainland
51%
Priced CNY 5bn at the tighter end of price guidance (3.22%)
NDB's first transaction under CNY 20bn bond programme in 2021
Books was in excess of CNY 10bn, more than 2 times oversubscribed
EMEA
Americas
15%
7%
APAC (excl.
China Mainland)
DISTRIBUTION BY INVESTOR TYPE
First issuer to use the UNDP Sustainable Development Goals Impact Standards for
Bonds (UNDP SDG Standard) and the SDG Finance Taxonomy (China)
Transaction garnered notable demand from a geographically diverse investor base
Net proceeds will be utilized to finance CNY 7bn Emergency Program Loan to China
for Supporting Economic Recovery from COVID-19
Note: At the exchange rate at the time of issuance
Banks
27%
New
Development
Bank
Other
1%
34
90%
CB/OI
9%
O 2021 New Development BankView entire presentation