Showing posts with label BRICS bank to issue $448 million of yuan green bonds. Show all posts
Tuesday, 12 July 2016
BRICS bank to issue $448 million of yuan green bonds
"The NDB plans to acquire a universal FICO assessment to expand its entrance to worldwide capital markets," said Leslie Massdorp, CFO of NDB.
The New Development Bank (NDB), set up by the BRICS gathering of rising countries, arrangements to offer 3 billion yuan ($448.37 million) of yuan-designated, green securities in China's interbank market.
The green bonds will be issued on July 18 with a 5-year tenor and will be the primary such issuance by a bank of its sort under rules issued by China's national bank in December, as per a news discharge sent to Reuters.
Bank of China Limited is the lead financier and book runner for the issue, while joint guarantors incorporate the Industrial and Commercial Bank of China Limited, China Construction Bank Limited, HSBC Bank (China) Company Limited and Standard Chartered Bank (China) Limited.
Bond continues will be utilized to back green ventures in BRICS nations, the public statement said.
"The NDB plans to acquire a worldwide FICO score to widen its entrance to worldwide capital markets," said Leslie Massdorp, CFO of NDB.
The bank will likewise issue securities in other part monetary standards keeping in mind the end goal to relieve the remote money danger of supported foundation tasks and create neighborhood cash gathering pledges advertises, a bad habit executive of the bank said in June, talking at the Lujiazui Forum in Shanghai.
The BRICS - Brazil, Russia, India, China and South Africa - formally assembled together in 2009 to press for a greater say in the worldwide budgetary matters, and the NDB, headquartered in Shanghai, began work a year ago.
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