Proceeds from the placement will be used to fund “green” projects supported under the banking institution’s sustainable financing policy.The New Development Bank , founded by the BRICS bloc, has placed three-year “green” bonds on international capital markets in the amount of $1.25 billion, the bank announced in a press release on Thursday, quoted by the Tass news agency.
“The issuance represents NDB’s return to the international capital markets and is also the first USD Green Bond issued by the bank, demonstrating its commitment to sustainable capital markets,” the institution said in a statement.under an agreement between the member states – Brazil, Russia, India, China, and South Africa – which was signed on July 15, 2014 and entered into force a year later. It finances solutions aimed at building a “more inclusive and resilient future.
With this transaction, NDB has successfully re-tapped into the USD bond market. Our investors have demonstrated their solid confidence in NDB’s credit … The Bank has a robust pipeline of green and sustainable projects in all our member countries to finance.
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