NDB finances emergency loan to China with Panda bond

Panda_saying_hi_PA_230X150_02Apr20
By Rebecca Feng
02 Apr 2020

New Development Bank, a multilateral development bank established by the five BRICS countries, sold a Rmb5bn ($704m) three year Panda bond on Thursday. All proceeds will be used to fund an emergency loan NDB recently promised to three Chinese provincial governments to help them combat the Covid-19 outbreak. Rebecca Feng reports.

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