Story perspectives
NDB Set to Launch $500M Indian Rupee Bond by 2026
9/27/2025
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Story summary
- New Development Bank (NDB) plans its first Indian rupee-denominated bond by March 2026 for $400-$500 million.
- NDB is in talks with the Reserve Bank of India (RBI) to enable the issue.
- The move aims to diversify the Indian bond market and improve liquidity.
- NDB targets 30% of financing in member currencies by 2026, reflecting rupee internationalisation and de-dollarisation trends.
