The New Development Bank (NDB) has successfully issued a three-year panda bond valued at 7 billion yuan ($978 million) on the Chinese interbank bond market, as reported by the Bank's Press Service.
"The Bank targets to provide 30% of its total financing commitments in national currencies of member countries," stated NDB Chief Financial Officer Monale Ratsoma.
This issuance marks the first step under the NDB's newly launched programme to release yuan bonds totalling 50 billion yuan ($7 billion).
"The transaction garnered strong interest from investors, with the order book being oversubscribed by 1.28 times," the bank noted.
#NEWS #NDB #finance
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