BRICS NDB issues RMB 6b Panda bonds on Chinese market

The New Development Bank (NDB), set up by the BRICS group of emerging economies, issued on Thursday five-year bonds worth RMB 6 billion ($845 million) on the Chinese interbank bond market, marking its first issuance in 2025.

“This transaction, the first NDB issuance in 2025, reinforces NDB’s commitment to the Panda Bond market and maintains the bank’s position as the largest issuer in this market,” the bank stated, highlighting interest from over 20 investors, including central banks, bank treasuries, and insurance companies.

Proceeds from the bond sale will finance infrastructure and sustainable development projects in BRICS and other emerging economies, supporting Sustainable Development Goals. With this issuance, NDB’s total Panda bonds now stand at RMB 61.5 billion ($8.6 billion).

“This milestone reaffirms NDB’s commitment to mobilising resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries,” said Monale Ratsoma, the bank’s vice president and chief financial officer.

Founded in 2014 at the sixth BRICS summit, the NDB aims to support infrastructure and development initiatives in member states and developing nations worldwide.

Attribution: TASS

Subediting: Y.Yasser