SHANGHAI: Brics New Development Bank (NDB) has issued an RMB-denominated bond worth 2 billion yuan ($310 million) in China's interbank bond market, with a maturity of five years, bringing the total outstanding amount of RMB bonds issued by the bank to 17 billion yuan.
The net proceeds from the bond's sale will be used for general corporate resources of the NDB and will be used to finance infrastructure and sustainable development projects in the bank's member countries, a press release said.
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