The New Development Bank (NDB), established by BRICS member countries, has announced the issuance of 6 billion yuan (about 845 million USD) worth of five-year bonds in China's interbank bond market, according to a statement published on the bank's website.
"This transaction, NDB's first issuance in 2025, reinforces NDB's commitment to the Panda bond market and maintains the bank's position as the largest issuer in this market," the statement said.
The BRICS bank's latest bond issuance has attracted interest from more than 20 investors, including central banks, treasuries, official institutions and insurance companies, with a diverse geographical distribution.
"The proceeds from the bond sale will be used as general resources of the New Development Bank and will finance infrastructure and sustainable development projects that benefit member countries and contribute to achieving the Sustainable Development Goals," the statement said.
With the successful issuance of 6 billion yuan worth of five-year Panda bonds, the total amount of Panda bonds issued by the New Development Bank has reached 61.5 billion yuan ($8.6 billion).
“This milestone reaffirms NDB’s commitment to mobilizing resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries,” said NDB Vice President and Chief Financial Officer Monale Ratsoma.
The New Development Bank was established by the BRICS countries based on an intergovernmental agreement signed at the 6th BRICS summit in Fortaleza, Brazil in July 2014. The bank's objective is to finance infrastructure and sustainable development projects in BRICS member countries and developing countries.
