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'BRICS bank plans to issue rupee, yuan bonds this year'

'BRICS bank plans to issue rupee, yuan bonds this year'

Saturday, April 15, 2017, 8:07 AM

The New Development Bank (NDB) set up by the BRICS countries Brazil, Russia, India, China and South Africa plans to issue bonds this year in Indian rupee and Chinese yuan, its president K V Kamath said on Friday. The bank sold its first three billion yuan ($437 million) yuan-denominated bonds in China last year in July to fund clean energy projects in member-states.
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