Activities




Projectsedit

According to the Bank's General Strategy, sustainable infrastructure development is at the core of NDB's operational strategy in 2017–2021, and the Bank will dedicate about two-thirds of financing commitments in its first five years to this area.

The New Development Bank is planning to give a priority to projects aimed at developing renewable energy sources. As it was stated by the Bank, it wants to cooperate with other institutions in accelerating ‘green’ financing expansion and promoting environment protection.

The NDB has expressed interest in funding projects that conform to high environmental standards, including those in the field of infrastructure, such as energy, railways and highways in the future. At the same time, according to K. V. Kamath, the NDB President, one of the key strategies of the bank will be financing profitable projects (bankable) with return on capital. The NDB wants "to fund projects that are creative and bring benefits to the local people and environment", said Vice President Zhu Xian.

The leadership of the member countries task the bank with developing a strong pipeline of projects and responding in a fast and flexible manner to aspirations and interests of its members.

As of 6 March 2019, the NDB Board of Directors approved 30 projects with loans aggregating over approx. USD 8 billion.

The Bank has begun non-sovereign operations with loans approved in Brazil, South Africa, and Russia.

Bondsedit

In March 2016, the NDB announced that it will do a bond issue in China to raise funding domestically on the Chinese market. The bond issue is likely to happen in the second quarter of the year 2016, said the NDB Vice President Leslie Maasdorp. He added the bank is starting to finalize the exact size of this bond issue.

On 18 July 2016 the NDB successfully issued its first green financial bond with issue size of RMB 3 billion, tenor of 5 years in China onshore interbank bond market. The bond's nominal interest rate is 3.07%. The bank became the first international financial institution that issued a green financial bond in the China onshore bond market. The proceeds of the bond will be used for infrastructure and sustainable development projects in the member countries.

In February 2019, the bank successfully placed CNY 3 billion RMB-denominated bond in the China Interbank Bond Market, and it was priced at the lower end of announced pricing range.

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