BRICS New Development Bank Issues First Macau Bond, Raising $50 Million

The Shanghai-headquartered BRICS New Development Bank said it has issued bonds in Macau for the first time, with an issuance size of $50 million, according to Ming Pao. The bonds are three-year floating-rate notes priced at the Secured Overnight Financing Rate (SOFR) plus 30 basis points. The notes were issued as Lotus bonds and are held in custody by Macau Central Securities Depository and Clearing Ltd. (MCSD).