NDB takes pole position in dollar mart

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By Lewis McLellan
19 Apr 2021

New Development Bank will become the first issuer to hit the dollar market this week, announcing a five year benchmark, the proceeds of which will fund sustainable development activities and emergency support loans to its member countries.

NDB selected Citi, HSBC, ICBC, JP Morgan, Standard Chartered and TD Securities to run a five year bond maturing in April 2026. Leads set initial price thoughts for the Reg S deal at 27bp area over mid-swaps.

The bond will be NDB’s ...

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