Sunday, December 13, 2015

BRICS bank to issue bonds

The New Development Bank (NDB), floated by the BRICS nations to step up infrastructure funding in emerging economies, has decided to raise funds in the financial markets by issuing bonds. Last year, the five BRICS countries -- Brazil, Russia, India, China and South Africa -- announced the establishment of the NDB which had an initial authorised capital of USD 100 billion and it will start its operations early next year.  

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