NDB to issue 3 bn yuan worth green bonds in China
The Dollar Business Bureau The New Development Bank, founded by BRICS, is planning to issue the first batch of green bonds in China by next week. The bank, seeking to promote growth of green finance in BRICS member nations, will release the first batch in interbank bond market of China. The green finance worth 3 billion yuan ($448.37 mn) will be issued on July 18. The bonds with 5-year-tenor will likely bear interest rate ranging from 2.8% - 3.6%. It will be the first such issuance of green finance under the guidelines set by Central Bank of China. While the joint underwriters for the issue include China Construction Bank Limited, Standard Chartered Bank Ltd of China, Industrial and Commercial Bank of China Limited and China’s HSBC ...
