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Wednesday, March 31, 2021
BRICS Bank Issues 5B Yuan Bond in China
The BRICS New Development Bank (NDB) announced that it issued a 5 billion yuan (about 765 million U.S. dollars) bond in China's interbank bond market, with a maturity of three years
Deutsche Bank has worked with Shanghai-headquartered NDB to raise the first Sustainable Development Goals (SDG) Panda bond in emerging markets
New Development Bank (NDB), a multilateral lending institution established by Brazil, Russia, India, China, and South Africa (BRICS) is gradually growing into its role of a countercyclical lender as exemplified through disbursements made despite the covid-19 pandemic, S&P Global Ratings said
ABB has supported the construction of the New Development Bank (NDB) Headquarters in Shanghai by installing an intelligent and integrated building controls system to manage indoor lighting, electric curtains and windows that involve more than 8,000 control circuits
The 2017 BRICS New Development Bank’s strategy report The Role Of BRICS In The World Economy & International Development detailed a long-term vision of the direction BRICS countries’ economic cooperation was headed in. The strategy report made the case that reforms in the existing western institutions would not be in BRICS countries' favour in the near future, and hence emphasized the importance of a new Multilateral Clearing Union
It is good news that Bangladesh is going to be member of the New Development Bank (NDB)
This is NDB’s first equity investment into India, and first ever investment in an FoF