The New Development Bank recently issued 8.5 billion yuan ($1.23 billion) in panda bonds on China’s interbank bond market, according to Caixin Global.
This move aims to bolster financing for new projects, marking a significant step in the bank’s efforts to support development initiatives. Panda bonds, denominated in yuan and issued by foreign entities in China, provide access to Chinese capital markets, facilitating the bank’s mission to fund infrastructure and sustainable development projects.
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