www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

BRICS bank plans to issue first bond in Q2

By Zheng Yangpeng in Boao (China Daily) Updated: 2016-03-26 09:54

BRICS bank plans to issue first bond in Q2

President of the AIIB Jin Liqun (left) and Leslie Maasdorp, vice-president and chief financial officer of the NDB, at the Boao Forum for Asia in Boao, Hainan province. [Photo/China Daily]

The New Development Bank, established by the BRICS countries of Brazil, Russia, India, China and South Africa, will sell its first bond by the second quarter of this year, the bank's vice-president said.

Leslie Maasdorp, vice-president and chief financial officer of the NDB, said the bond, denominated in renminbi, will be worth 3 to 5 billion yuan ($460-767 million) and will be sold in China's onshore interbank bond market.

The issuance comes on the heels of the July establishment of the bank, which became operational in late February and is headquartered in Shanghai. The bond represents a major step forward for China's bond market and the internationalization of the yuan.

"We chose China because the renminbi value is much more stable (compared with the currencies of other BRICS nations). China has a deep, liquid bond market," Maasdorp said.

The bank has secured an AAA-rating from two Chinese credit rating firms that will ensure low funding costs. Maasdorp also said the bank will continue to issue bonds in both the yuan and the US dollar, with plans for up to $1.5 billion in bonds over the next two years. Issuance of bonds in other BRICS currencies has not been considered in the short term.

Proceeds from the bond issue will finance an initial batch of lending for green-energy projects in hydropower, wind power and other renewable energies in each of the BRICS countries, the bank said in an earlier statement. The first batch of projects will be announced next month, Maasdorp said.

The bank will keep a portion of the proceeds to finance projects in China, and convert the rest into US dollars, and lend them to other countries.

"It's not only about lending to infrastructure construction in emerging markets, we are also looking to make our business models more efficient, and how we can fast-track loan approvals," he said.

Unlike established multilateral development banks, the NDB features a "lean, agile" structure, he said. And while it takes about two years for MDBs to complete a project, from design to loan approval, the NDB plans to cut that time to six months through the use of exclusive loans to sovereign government-guaranteed projects, Maasdorp said.

Jin Liqun, president of the AIIB, said in a separate statement that emerging MDBs are not looking to overtake existing ones and are complementary.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美人成a视频www | 国产一国产a一级毛片 | 国产偷国产偷亚洲高清午夜 | 亚洲最新在线 | 日韩欧美一区二区三区不卡视频 | 亚洲美女视频免费 | 国产欧美久久久另类精品 | 国产精品日韩一区二区三区 | 亚洲成a人v大片在线观看 | 日产国产精品亚洲系列 | 成人欧美一区二区三区视频xxx | 欧美特黄一片aa大片免费看 | 欧日韩美香蕉在线观看 | 成人久久18免费网 | 一级毛片在线免费看 | 亚洲午夜一区二区三区 | 日日操干 | 欧美在线一区二区三区不卡 | 男人久久天堂 | 精品久久久久亚洲 | 国产国产人免费视频成69堂 | 一级片视频免费观看 | 91精品久久久久久久久网影视 | 欧美一级毛片俄罗斯 | 亚洲成人免费网站 | 精品丝袜国产自在线拍亚洲 | 日韩欧美一级毛片精品6 | 日本肥老妇色xxxxx日本老妇 | 欧美视频一区二区专区 | 日本强不卡在线观看 | 国产精品成人久久久久久久 | 欧美成a人免费观看久久 | 中国高清色视频www 中国黄色网址大全 | 久久99中文字幕 | 国产精品久久久久久久久久免费 | 午夜黄色福利视频 | 视频一区二区三区在线 | 美女视频网站永久免费观看软件 | 欧美精品一区二区三区视频 | 国产91精选在线观看网站 | 国产精品观看 |