Bank of China acted as the global coordinator in successfully facilitating the New Development Bank's (NDB) 2026 inaugural offshore bond issuance, managing the pricing and placement of a USD 2 billion bond. The transaction drew widespread attention in international capital markets, with order books peaking at USD 6.6 billion, reflecting strong investor confidence.

Since the first collaboration in 2020, Bank of China has repeatedly supported NDB's offshore bond issuances. Leveraging its extensive global network and well-established investor base, Bank of China effectively reached a diverse set of professional investors across Asia, including central banks, sovereign wealth funds, commercial banks, and insurance asset managers. This approach not only helped NDB optimize its investor composition but also highlighted Bank of China's strong underwriting and distribution capabilities in international debt capital markets.

In addition to expanding NDB's access to global financing, Bank of China has provided integrated cross-border services that have supported NDB's long-term development in domestic bond markets. From facilitating NDB's first market entry to enabling it to become the international development institution with the largest issuance volume of “Panda Bonds,” Bank of China has actively contributed to enhancing market connectivity:

• Innovation Leadership: In 2016, Bank of China assisted NDB in issuing the first domestic green financial bond by a multilateral development institution, pioneering new avenues for institutional fundraising.

• ESG Commitment: In 2021, Bank of China, as the lead underwriter, helped NDB issue CNY 5 billion of sustainable development bonds, with proceeds dedicated to supporting sustainability projects in member countries.

• Scale and Cost Optimization: Between 2024 and 2025, Bank of China continued to support NDB, helping it achieve record issuance volumes and lower financing costs for five-year bonds, improving both issuance efficiency and pricing advantages in the domestic market.

As one of the most globalized and integrated Chinese banks, Bank of China remains committed to leveraging its expertise in debt capital markets and cross-border financial services to meet the evolving needs of multilateral development institutions like NDB. By bridging international capital markets and global institutions, Bank of China continues to play a pivotal role in facilitating high-standard financial engagement and promoting sustainable growth.