NDB aims to improve on pricing and broaden investor base

By Burhan Khadbai
15 Sep 2020

The New Development Bank is looking to bring the pricing of its bonds more in line with its triple-A rated supranational peers and grow its investor pool as it prepares to issue its second benchmark in what will be another step towards building a frequent presence in the international capital markets.

The NDB is in currently in the middle of marketing its second benchmark bond after mandating Bank of ChinaBarclaysCitiGoldman Sachs and Standard Chartered last Friday to arrange a series of investor calls ahead of a five year Covid-19 response dollar Reg S benchmark.

After issuing ...

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