NDB to Issue Yuan-Denominated Bond in Its Maiden Fundraiser

(Shanghai) – The New Development Bank (NDB), a one-year-old, infrastructure-focused lender backed by emerging BRICS economies, said this week it would issue 3 billion yuan, or US$ 447.8 million, worth of bonds in China's interbank market on July 18.

It is also the first time the multilateral bank, set up by Brazil, Russia, India, China and South Africa, has issued bonds denominated in a currency of a member country.