New Development Bank issues mandates for 3-year dollar bond
The UAE's Emirates NBD Capital, the Bank of China, DBS Bank, ICBC, Natixis, Standard Bank, Standard Chartered and State Bank of India are joint lead managers.
The offering falls under NDB's $50 billion Euro Medium Term Note Programme.
The issuer has been rated AA+ by S&P and Fitch.
NDB is a multilateral development bank established by the BRICS states to mobilise capital for infrastructure and sustainable development projects in emerging markets and developing countries.
Headquartered in Shanghai, the bank includes nine member states, including the UAE, Egypt, India, China, Russia, South Africa and Brazil.
(Writing by Bindu Rai, editing by Seban Scaria)
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