BRICS Bank to Issue First 5-Year $450Mln Green Bonds in Interbank Market

© Sputnik / Vladimir Fedorenko / Go to the photo bankParticipants in the BRICS Finance Ministers and Central Bank Governors’ Meeting, Meeting of the Board of Governors of the BRICS New Development Bank
Participants in the BRICS Finance Ministers and Central Bank Governors’ Meeting, Meeting of the Board of Governors of the BRICS New Development Bank - Sputnik International
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President of BRICS New Development Bank (NDB) K. V. Kamath called the issue of five-year "green bonds" valued at 3 billion yuan ($448.9 million) in China's interbank market "a significant milestone."

BEIJING (Sputnik) — The BRICS New Development Bank (NDB) will issue its first five-year "green bonds" valued at 3 billion yuan ($448.9 million) in China's interbank market on July 18, the bank said in a statement Tuesday.

"This is a significant milestone for the Bank and the Green Bond would help fulfill the sustainable development mission of the Bank. Furthermore, the NDB funding strategy will aim to ensure that the Bank contributes to the development of local capital markets in our member countries," NDB President K. V. Kamath said.

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