NDB eyes G3 as it kicks off funding in RMB

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By Paolo Danese
14 Jul 2016

The Brics New Development Bank (NDB) is gearing up for its debut capital market appearance and is expected to price a renminbi denominated green bond on Monday. The trade is just the start of its funding ambitions, as the supranational seeks an international rating to tap G3 markets, its chief financial officer told GlobalRMB. Paolo Danese reports.

NDB will price its inaugural bond next week — a Rmb3bn ($450m) five year which the bank started roadshowing this week with price guidance of 2.8%-3.6%. Bank of China is the lead underwriter, while China Construction Bank, China Development Bank, HSBC (China), ICBC and Standard Chartered (China) ...

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