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Strong sovereign performance provides liquidity to governments through pandemic

Strong sovereign performance provides liquidity to governments through pandemic
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NDB issues USD 1.5 billion benchmark bond


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SHANGHAI, April 21, 2021 /PRNewswire/ On April 20, 2021, the New Development Bank (NDB) priced its 5-year USD 1.5 billion benchmark bond. This transaction is the third USD benchmark bond offering of the Bank in the international markets.
The net proceeds of the Bond will be used for financing sustainable development activities as well as COVID-19 Emergency Program Loans to the Bank s member countries. The NDB established the Emergency Assistance Facility in April 2020, to provide up to USD 10 billion in crisis-related assistance to its member countries, including USD 5 billion for financing healthcare and social safety-related expenditures, as well as USD 5 billion for supporting economic recovery efforts. ....

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