The new development bank issued 7 billion yuan of Panda Bonds for infrastructure projects in member countries
On the 18th, the BRICs New Development Bank successfully issued a panda bond in China's inter-bank bond market. The bond scale is 7 billion yuan, the term is three years, and the coupon rate is 2.70%. The raised funds will be used for general purposes in China, and will provide financing for infrastructure and sustainable development projects in member countries.
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