NDB finances emergency loan to China with Panda bond

Rebecca Feng

April 02, 2020 11:30 AM

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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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Topics

Health and Biotech China China Construction Bank ICBC Asia Coronavirus Greater China China Bonds Bank of China Northeast Asia China Asia Pacific Agricultural Bank of China Emerging Markets SRI

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Rebecca Feng