Archive · 26 Sep 2025
NDB Plans Indian Rupee Bonds to Raise $400-$500 Million
Imagine a bank called the New Development Bank (NDB), created by countries like India, China, and Brazil.
They're planning to sell bonds, which are like IOUs, in India.
This means they'll borrow money from people in India, promising to pay them back later with interest.
The bank wants to raise between $400 and $500 million.
The plan is to release these bonds by the end of March 2026.
The money raised will be used to fund projects.
Before this, they have raised money in other currencies like Chinese yuan and South African rand.
The RBI must still approve the plan.
NDB, backed by BRICS countries, plans to issue Indian rupee bonds.
The bank aims to raise $400-$500 million in the initial issuance.
The bond issuance is expected by the end of March 2026.
Approval from the Reserve Bank of India (RBI) is pending.
NDB has previously issued bonds in Chinese yuan and South African rand.
- Who
- The New Development Bank (NDB)
- What
- Plans to issue its first Indian rupee-denominated bond.
- When
- By the end of March 2026 (target for initial issuance).
- Where
- India
- Why
- To raise funds in the Indian rupee, aiming to allocate 30% of financing in member currencies.
- Organization
- New Development Bank (NDB)
- Bond Currency
- Indian Rupee
- Target Amount
- $400-$500 million
- Initial Issuance Timeframe
- By the end of March 2026
- Bond Term
- 3-5 years
- Approval Status
- Pending with Reserve Bank of India (RBI)
- NDB Members
- Brazil, Russia, India, China, South Africa