The New Development Bank ( NDB ), a multilateral lender established by Brazil, India, Russia, China and South Africa, priced on September 22 a US$2 billion offering in another fund raising that demonstrates its commitment to fighting the Covid-19 pandemic in its member countries. This is NDB’s second foray in the international debt capital markets, following its maiden offering in June amounting to US$1.5 billion for three years, which was also earmarked to support the fight against the coronavirus outbreak.