久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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: 午夜免费成人 | 国产成人精品aaaa视频一区 | 亚洲国产精品综合久久一线 | 精品亚洲成a人在线播放 | 国产欧美日韩另类 | 亚洲精品第一区二区三区 | 亚洲国产成人久久综合野外 | 在线播放一区二区精品产 | 国产精品欧美一区二区在线看 | 亚洲三级黄色 | 亚洲成人手机在线 | 国产成年视频 | 久久99久久精品免费思思 | 多人伦精品一区二区三区视频 | 丝袜一级片 | 国产在线一区观看 | 免费99视频有精品视频高清 | 一a一片一级一片啪啪 | a国产在线 | 国产高清成人mv在线观看 | 日韩欧美一区二区三区在线观看 | 免费看欧美一级特黄a大片一 | 亚洲免费网址 | 欧美变态一级毛片 | 久久在线视频 | 国内视频自拍 | 悠悠影院欧美日韩国产 | 91国内精品视频 | 亚洲国产在 | 亚洲精品一区二区三区四区手机版 | 欧美顶级毛片在线播放小说 | 不卡的毛片| 日韩在线手机看片免费看 | 456主播喷水在线观看 | 久草视频免费播放 | 久草中文网| 综合网站| 久久视频在线播放视频99re6 | 亚洲欧美日产综合在线看 | 国产精品莉莉欧美自在线线 | 久久久久久青草大香综合精品 |