NDB set to make a capital markets splash, Bric by Bric

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By Burhan Khadbai
01 Aug 2019

New Development Bank, the supranational set up in 2015 by the Brics nations, is building a diverse funding programme, which includes local currency, dollar and green bonds. Leslie Maasdorp, chief financial officer of the NDB, spoke to GlobalCapital this week about the bank’s plans to become a regular and diversified borrower in the capital markets.

Since its inception in July 2015 as a multilateral development bank established by the Brics nations — Brazil, Russia, India, China and South Africa — NDB has been growing its lending portfolio, which stands at over $10bn.

However, it has yet to issue much, just two Panda bonds ...

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