NDB Prices $1.75B 3-Year Benchmark Bond, 1.8x Oversubscribed

The New Development Bank priced a USD 1.75 billion 3-year benchmark bond on July 17, 2026 under its USD 50 billion EMTN Programme, at SOFR plus 39 basis points with a 4.375% coupon. The offering was 1.8x oversubscribed with a final order book of $3.2 billion — 65% allocated to Asia-Pacific investors, 32% EMEA, and 3% Americas. Joint lead managers were Bank of China, Credit Agricole CIB, Daiwa Capital Markets, ICBC, Standard Bank, and Standard Chartered Bank, with listing on the London Stock Exchange and Nasdaq Dubai.