Empowering Nations Through Innovation and Sustainability
Case Study: US$ 1.5bn, 1.125%, April 2026 Bond
Highlights
Format
Size
Pricing
Settlement
Maturity
Coupon
Issue Spread
Joint Lead Managers
RegS (Registered Form)
US$ 1.5bn
April 20th, 2021
April 27th, 2021 (T+5)
April 27th, 2026
1.125%
Mid Swaps + 25bps | UST + 34bps
CITI, HSBC, ICBC, JPM, SCB, TD
.
.
•
Priced US$ 1.5bn at mid swaps +25bps (UST +33.95bps)
NDB's first benchmark US$ transaction in 2021
Books reached more than US$ 1.975bn with over 50 orders
Price tightened by 2bps over the bookbuilding process
High quality book, anchored by central banks and official institutions (78%)
Transactions demonstrates NDB's appeal to a diverse group of investors seeking high
quality instrument alongside sustainable investment
Net proceeds will be used for financing sustainable development activities as well as
COVID-19 Emergency Program Loans to NDB's member countries
DISTRIBUTION BY REGION
EMEA
60%
Asia
36%
Americas
4%
DISTRIBUTION BY INVESTOR TYPE
Banks/Private
Banks
17%
CB/OI
78%
Asset
Managers
Other
1%
4%
New
Development
Bank
33
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