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New Development Bank - Tender Offer - Launch

New Development Bank (the "Issuer") announces today its invitation to holders of its outstanding USD1,500,000,000 0.625 per cent. Notes due 23 June 2023 (ISIN: XS2192077514) (the "Notes")


18 APRIL 2023


Full announcement including disclaimers and offer restrictions available via Euronext


"Development Bank (the "Issuer") announces today its invitation to holders of its outstanding USD1,500,000,000 0.625 per cent. Notes due 23 June 2023 (ISIN: XS2192077514) (the "Notes"), to tender such Notes for purchase by the Issuer for cash (the "Offer"), on the terms and subject to the conditions set out in the tender offer memorandum dated 18 April 2023 (the "Tender Offer Memorandum") prepared by the Issuer. The Offer is subject to the Offer and Distribution Restrictions set out below and as more fully described in the Tender Offer Memorandum.


Summary of the Offer


A summary of certain terms of the Offer appears below:"

...


"Rationale for the Offer


The Issuer is making the Offer as part of refinancing of its existing debt and efficient liquidity management."


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