Xinhua News Agency, Shanghai, July 8 (Reporter Zhou Rui) The Shanghai-based BRICS New Development Bank introduced on the 7th that the BRICS New Development Bank recently successfully issued RMB 2 billion in RMB bonds in the Chinese interbank bond market The bond has a maturity of 5 years and a coupon rate of 3%. At the same time, the BRICS New Development Bank is expected to issue bonds again in the fourth quarter of this year.
Leslie Masdorp, Deputy Governor and Chief Financial Officer of the New Development Bank, said that this bond is oversubscribed by 2.1 times. As the BRICS New Development Bank gradually becomes a "regular visitor" to China's capital market, the bank will continue in the future Force in the Chinese market.
"We have always supported the currencies of member countries and have great confidence in the renminbi." Masdorp also said that the bank has recently submitted an application to the relevant institutions for the registration and issuance of a RMB 20 billion bond plan, which is expected to be implemented in the last quarter of this year. A round of debt issuance.
The New Development Bank was jointly established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in emerging economies such as the BRICS and developing countries, and to supplement multilateral and regional financial institutions for global growth And development.